BankUnited Will Buy Herald National Bank

Florida lender BankUnited, which is owned by private equity investors including Blackstone Group, Carlyle Group and Centerbridge Partners, said Thursday that it would buy Herald National Bank for about $72 million in cash and stock to move into the New York market, Reuters reported. BankUnited will pay about $22.9 million in cash and issue about 1.7 million shares to purchase Herald National, Reuters wrote.

DealsNorth AmericaUSBriefs