BankUnited Financial has suggested that the Office of Thrift Supervision may downgrade it from "well-capitalized" to "adequately capitalized" if it fails to raise $400 million, Housing Wire reports.

According to the firm’s 10-Q filing with the Securities and Exchange Commission, the OTS is requiring the bank to submit an alternative capital plan in case it is unable to raise the money.

The bank stated in the filing that based on a recent OTS notification, it believes that unless it can bring in significant capital, it may face a reclassification of its capital prowess.

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