The failure of the Coral Gables, Fla.-based bank represents the second-largest hit to the FDIC's insurance fund so far - the costliest was last year's seizure of California lender IndyMac, on which the FDIC is estimated to lose $10.7 billion.īankUnited is the 34th federally insured institution to be closed this year, and the biggest. WASHINGTON - Regulators on Thursday shut down BankUnited, a struggling Florida thrift whose closure is expected to cost the Federal Deposit Insurance Corp.
