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Backdating for BankUnited; OTS chief said to overstate thrift's capital.

Publication: American Banker
Publication Date: 30-MAR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Cheyenne Hopkins

WASHINGTON - When the government removed Scott Polakoff as the acting director of the Office of Thrift Supervision late last week, it said he was being investigated for "August 2008 actions related to post-period capital contributions."

The explanation was not exactly transparent, but sources said Friday that Polakoff is being accused of allowing BankUnited of Coral Gables, Fla., to overstate its...

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