BankUnited Financial Corporation Holds Annual Meeting of Stockholders, Re-Elects Board Members.

CORAL GABLES, Fla. -- BankUnited Financial Corporation (NASDAQ:BKUNA), parent company of BankUnited FSB, today announced it re-elected Tod Aronovitz, Marc Jacobson, Hardy Katz and Ramiro Ortiz to its board of directors at the company's annual meeting of stockholders, which was held today at the BankUnited Center in Coral Gables, Fla.

All four directors were re-elected by the shareholders to serve as Class I directors with a term ending in 2009.

Tod Aronovitz is senior partner with Aronovitz Trial Lawyers, past-president of The Florida Bar and has been a BankUnited director since 2004. Marc Jacobson is senior vice president of HBA Insurance Group and has been a director since 1984. Hardy Katz is vice president of Communications and Show Management Inc. and Industry Publishers Inc. and is managing partner of BiZBashFla LLC. He has been a member of BankUnited's board since 2002. Ramiro Ortiz is president and chief operating officer of BankUnited and has been a director since 2002.

During the annual meeting of stockholders, Alfred R. Camner, BankUnited's chairman and CEO, stated that the company continues to be focused on expansion. BankUnited currently has 68 branches, including three that opened since the beginning of this calendar year, and it expects to open and additional seven to 11 locations by the end of 2006.

BankUnited's management team also reviewed financial results for fiscal year ended Sept. 30, 2005. Additionally, investors and analysts were invited to visit http://www.bankunited.com to view a presentation of the company's accomplishments over the three-year period ending Sept. 30, 2005.

About BankUnited

BankUnited Financial Corp. (NASDAQ:BKUNA) is the holding company for BankUnited FSB, the largest banking institution headquartered in Florida. At Dec. 31, 2005, BankUnited had assets of $11.3 billion.

Serving customers in nine Florida counties through 68 branches, BankUnited offers a full spectrum of consumer and commercial banking products and services, including online products that can be accessed through http://www.bankunited.com. For additional information, call [phone].

Forward-Looking Statements 

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