Alfred R. Camner, a founder of the struggling BankUnited Financial Corp. of Coral Gables, Fla., retired Monday as its chairman and chief executive officer.

Ramiro A. Ortiz, the president and chief operating officer, is now the CEO of the $14.2 billion-asset company, which bet heavily on adjustable-rate mortgages before property values tumbled. Mr. Ortiz will retain his title of president.

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