Florida-based BankUnited , which was closed by the U.S. government and sold to investors, was conducting business as usual on Friday and there was no sign of panic among customers, its new chief executive said.

Banking industry veteran John Kanas, who also took over as chairman, told Reuters that BankUnited planned no immediate layoffs among its work force of 1,100 and expected to expand branches in its Miami base while closing branches outside the city.

U.S. bank regulators seized the troubled Florida lender and sold it to some of the most powerful private equity firms in the world, including WL Ross & Co, Carlyle Group , Blackstone Group , and Centerbridge Partners, which put up $900 million of capital in the rescue.

(Reporting by Jim Loney; Editing by Pascal Fletcher and Lisa Von Ahn)

Florida Investment