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BANKUNITED FINANCIAL EXPECTS CURRENT QUARTER EARNINGS TO RISE BY 43 PERCENT TO EXCEED $1 MILLION

 CORAL GABLES, Fla., June 17 /PRNewswire/ -- BankUnited Financial Corporation (NASDAQ-NMS: BKUNA), parent company of BankUnited, FSB, expects its net earnings for the current fiscal quarter to be more than 43 percent above the same period a year ago.
 Board Chairman and CEO Alfred R. Camner today stated that he expects BankUnited Financial to earn in excess of $1 million for the three months ended June 30, 1993, compared to $701,000 for the same quarter last year.
 BankUnited Financial is a publicly owned financial institution traded on the NASDAQ National Market System under the symbol BKUNA.
 Earlier this month BankUnited Financial sold both common and preferred stock in public offerings. The company sold 600,000 shares of Class A common stock at $8.00 per share and 700,000 shares of 8 percent non-cumulative preferred stock at $10.00 per share. The preferred stock is traded on the NASDAQ National Market System under the symbol BKUNP.
 BankUnited, FSB operates eight banking offices in Florida: Coral Gables, South Miami, Tamarac, Coral Springs, and Delray Beach on the east coast, and Bonita Springs, Venice and Bradenton on the west coast.
 -0- 6/17/93
 /CONTACT: Steven D. Hayworth, chief operating officer of BankUnited Financial, 305-529-2440/
 (BKUNA)


CO: BankUnited Financial Corporation ST: Florida IN: FIN SU: ERP

AW-JB -- FL002 -- 2961 06/17/93 09:41 EDT
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Publication:PR Newswire
Date:Jun 17, 1993
Words:223
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