Printer Friendly

BANKUNITED STOCKHOLDERS CONVERT CLASS B COMMON TO CLASS A COMMON

 BANKUNITED STOCKHOLDERS CONVERT CLASS B COMMON TO CLASS A COMMON
 CORAL GABLES, Fla., Jan. 28 /PRNewswire/ -- BankUnited (NASDAQ: BKUNA), a savings bank serving both coasts of Florida, announced that the holders of 65 percent of its Class B common stock have converted into Class A common stock on a share-for-share basis.
 The Class A common stock is traded on NASDAQ under the symbol BKUNA. The Class B common stock is not currently traded on any established market.
 A total of 256,447 shares of Class B common stock were exchanged for the same number of Class A common shares.
 After the conversion, BankUnited has 718,540 shares of Class A common stock outstanding and 146,886 shares of Class B common stock outstanding.
 On Jan. 31, 1992, BankUnited will pay its initial cash dividend of $.10 per share on its Class A common stock.
 In announcing the conversion, Chairman Alfred R. Camner stated, "We believe the increased number of shares available through NASDAQ will increase investor interest and improve its marketability through higher trading volumes.
 -0- 1/28/92
 /CONTACT: Alfred R. Camner, chief executive officer or Steven D. Hayworth, chief operating officer of BankUnited, 305-529-2400; or John K. Schulte of Schulte, Ross & Aguilar, 305-856-1442, for BankUnited/
 (BKUNA) CO: BankUnited ST: Florida IN: FIN SU:


AW-SS -- FL004 -- 4208 01/28/92 11:34 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 28, 1992
Words:224
Previous Article:COOPERS & LYBRAND COMPUTER EXPERT IS AVAILABLE TO DISCUSS COMPUTER VIRUSES AND SECURITY
Next Article:FMC REPORTS 1991 RESULTS
Topics:


Related Articles
BANKUNITED DECLARES 15 PERCENT STOCK DIVIDEND
BANKUNITED STOCK TO BEGIN TRADING ON NASDAQ NATIONAL MARKET SYSTEM
STOCKHOLDERS OF BANKUNITED APPROVE CHARTER CHANGE & FORMATION OF HOLDING COMPANY; CHAIRMAN PREDICTS RECORD EARNINGS FOR 1993
BANKUNITED FINANCIAL CORPORATION ACQUIRES BANKUNITED IN ONE-SHARE-FOR-ONE-SHARE EXCHANGE OF COMMON AND PREFERRED STOCK
STOCKHOLDERS OF BANKUNITED FINANCIAL APPROVE SEVERAL PROVISIONS AT ANNUAL MEETING; CHAIRMAN REPORTS ON EXPANSION PLANS FOR 1994
BANKUNITED FINANCIAL REPORTS A 57% INCREASE IN SECOND QUARTER 1996 EARNINGS; ASSETS GREW 38% TO $738 MILLION
BankUnited Financial Declares Regular Quarterly Cash Dividends On Three Classes Of Preferred Stock
BankUnited Reports 166% Increase In Second Quarter Earnings; Assets Double Over Prior Year; Deposits Reach $1 Billion
BankUnited Financial Corporation To Redeem All Outstanding Shares Of BKUNN Preferred Stock
Coral Gables-Based BankUnited To Acquire Central Bank

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters