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BankUnited says it plans to stay independent

 

Miami Lakes-based BankUnited said Wednesday that it plans to stay independent instead of finding a buyer.

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

BankUnited ended the sale process after bids from Toronto-Dominion Bank and BB&T Corp. came in below the board’s expectations, according to people with knowledge of the matter.

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