UniBank in Miami has put itself on the block and will likely announce a deal the next two months, according to a local newspaper report.
The Daily Business Review said Wednesday that one potential buyer is the $40 billion-asset Popular Inc. of San Juan, Puerto Rico. Last month the parent of Banco Popular announced it would buy Kislak National Bank of Miami Lakes for $148 million.
The Miami paper said other interested parties include BankUnited Bancorp of Coral Gables, Fla., U.S. Century Bank of Miami, and the $57 million-asset Great Florida Bank in Miami, which opened its doors in June with $50 million of capital.
UniBank, founded in 1980, has $479 million of assets and 10 branches in four counties. The Daily Business Review story said it could fetch between $80 million and $100 million.
