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BankUnited to Stay Independent After Review

BankUnited Inc., the Florida lender run by John Kanas, plans to stay independent instead of finding a buyer.

“A preliminary process did occur whereby the company considered its strategic alternatives,” the Miami Lakes, Florida-based company said today in a statement. “That process has concluded” and BankUnited will continue “as an independent institution.”

To contact the reporter on this story: Rick Green in New York at rgreen18@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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