Friday, August 8, 2008

Bank United: Non-Performing Assets Increase Sharply

Florida-based Bank United buried their 3Q results with a late Friday afternoon release. The release included the following:

The ratio of non-performing assets as a percentage of total assets increased to 7.73% at June 30, 2008, from 4.75% at March 31, 2008, and 0.86% at June 30, 2007.

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