Bank United Corp. of Houston said it plans to make guaranteed rural development loans nationwide through a program sponsored by the U.S. Department of Agriculture.

Bank United, a $14.9 billion-asset thrift holding company, would make loans of up to $25 million for projects designed to revitalize communities with fewer than 50,000 people, such as manufacturing businesses or entertainment complexes. The USDA, under its business and industry guaranteed loan program, would back as much as 90% of each loan.

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