BankUnited Disputes Report, Says Attempts to Raise Capital Ongoing

NEW YORK — BankUnited Financial Corp. said in a statement that "contrary to a published report, BankUnited's discussions with potential investors are ongoing."

The Florida bank wouldn't give any further information about its plans to find investors that would provide the struggling bank with fresh capital. "It continues to be the company's policy not to comment on unfounded rumors or speculation," the statement said.

Earlier, The Deal.com, citing unnamed sources, reported on its Web site Friday that BankUnited had effectively ended attempts to raise capital or find a buyer.

The report said the move suggests the Federal Deposit Insurance Corp. is preparing to seize the Florida thrift.

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