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ETF News

BankUnited bids deadline extended to May 19-source

* Private equity consortium, TD-Goldman may bid-sources

* BankUnited shares up 24 cents to $1.00

NEW YORK, May 14 (Reuters) - The deadline to submit bids for BankUnited Financial Corp BKUNA.O has been extended to next week, a source familiar with the matter said on Thursday, with potential buyers circling the Florida-based bank under orders to raise fresh capital.

Bids were expected on Thursday, but the deadline has been pushed back to next Tuesday, the source said. The bank had assets of $13.1 billion and deposits of $8.7 billion as of March 31.

Potential bidders include a group led by former North Fork Bancorp Chief Executive John Kanas. The consortium includes Carlyle Group [CYL.UL], Blackstone Group LP BX.N, Centerbridge Capital Partners LLC and WL Ross & Co, the source said.

Goldman Sachs Group Inc GS.N and Toronto-Dominion Bank TD.TO could also bid for the bank, another person familiar with the matter said.

Private equity firm J.C. Flowers & Co may also bid, according to media reports.

BankUnited was not immediately available for comment. The sources are anonymous because the auction is not public.

BankUnited’s regulators deemed it “critically undercapitalized” as of Jan. 30 and directed it to seek a buyer or a merger partner.

Earlier this week, the bank said it expects to report a second-quarter loss of $443 million, hit by higher loan loss provisions. It also said it would not be able to file its quarterly results on time.

BankUnited shares were up 24 cents, or 31.6 percent, at $1 in afternoon trading on Nasdaq. (Reporting buy Paritosh Bansal; editing by John Wallace)

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