By:
Naomi Snyder, editor-in-chief at Bank Director
BankUnited Inc.’s John Kanas had two things going for him in making his bank the top-performing, publicly-owned mid-sized bank in America. For one, Miami Lakes, Florida-based BankUnited, which has $12.6 billion in assets, has benefited from one of the best failed bank deals of the last financial crisis. When Kanas and a group of private equity buyers paid $945 million for the failed Florida thrift named BankUnited in 2009—it was the largest Florida-based institution at the time—the Federal Deposit Insurance Corp. (FDIC) agreed to reimburse them up to 95 percent of the bank’s losses with no end date, a deal...
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Editor-in-Chief Naomi Snyder is in charge of the editorial coverage at Bank Director. She oversees the magazine and the editorial team’s efforts on the Bank Director website, newsletter and special projects. She has more than two decades of experience in business journalism and spent 15 years as a newspaper reporter. She has a master’s degree in journalism from the University of Illinois and a bachelor’s degree from the University of Michigan. You can contact Naomi at nsnyder@bankdirector.com.