BankUnited, as I warned, is back in the news. It seems that the CEO of the “equity fund” that bought the bank (for virtually no money, as you should recall or can read here), John Kanas, is ready to cash in- for a price. BankUnited has retained Goldman Sachs to entice/entertain various offers. Two offers were already made (rumor says) and were undergoing evaluation: one from BBT (Branch Banking and Trust) and the other from Toronto-Dominion Bank (the entity who acquired Commerce Bank). (PNC Bank elected NOT to participate in this auction effort.)
Tag Archives: BB&T
You can’t make this up!
After I posted my August Tax hints, a PNC (potential new client) called us up with this query. (Please note I have changed certain facts in case you know the person or the issue. The substance is correct.)