Private-equity groups that invested some $900 million in Florida lender BankUnited Inc. less than three years ago may now be ready to cash out.
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According to combined news reports, the Miami Lakes, Fla., company headed by former North Fork Bank Chief Executive John A. Kanas has hired Goldman Sachs Inc. to help it find a buyer.
Neither Kanas nor a Goldman representative would comment when contacted late Friday, and some observers speculated that a sale seemed unlikely when BankUnited is still building out its franchise.
North Fork was once a large player in residential finance, including payment option ARMs.
BankUnited failed in 2009 and was taken over by federal regulators. The Kanas group bought the bank with federal assistance.
