BankUnited, FSB, Coral Gables, FL, which is no surprise. BankU has been dead man walking for at least 2 weeks.
It’s the biggest failure of the year, and 2nd biggest ever, only exceeded by the failure of Indymac last year.
It’s the 34th bank failure of the year.
The closure will cost the FDIC $4.9 billion, almost doubling the amount of money that it has shelled out so far this year.
As to why do this on Thursday, probably because they have a very busy Friday planned.
Before the President’s Day weekend, there were 4 bank closings, the most this year, and my guess is because they had an extra day to straighten things out before the banks had to open their door, so I would expect this 3 day weekend to be very busy.