SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date of Report: April 2, 1997
BANKUNITED FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its charter)
FLORIDA 5-43936 65-0377773
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
255 ALHAMBRA CIRCLE, CORAL GABLES, FLORIDA 33134
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(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (305) 569-2000
<PAGE>
Item 5. OTHER EVENTS.
Attached hereto as Exhibit 20.1 is a press release announcing
that the Board of Directors of BankUnited Financial
Corporation had authorized a repurchase program for certain of
its equity securities.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
BANKUNITED FINANCIAL CORPORATION
By: /S/ NANCY L. ASHTON
-----------------------------
Nancy L. Ashton
Senior Vice President and
Assistant Secretary
Dated: April 7, 1997
<PAGE>
BANKUNITED FINANCIAL CORPORATION
FORM 8-K
INDEX TO EXHIBITS
EXHIBIT
NO.
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20.1 Press Release regarding a stock repurchase program
CONTACTS:
ALFRED R. CAMNER
CHIEF EXECUTIVE OFFICER
NEWS RELEASE
JAMES A. DOUGHERTY
BANKUNITED CHIEF OPERATING OFFICER
NASDAQ NATIONAL MARKET: BKUNA SAMUEL MILNE
CHIEF FINANCIAL OFFICER
PHONE (305) 569-2000
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BANKUNITED FINANCIAL CORPORATION * 255 ALHAMBRA CIRCLE *
CORAL GABLES, FLORIDA 33134
BANKUNITED, FSB * PRIVATE AND RELATIONSHIP BANKING
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FOR IMMEDIATE RELEASE
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APRIL 2, 1997
BANKUNITED FINANCIAL ANNOUNCES COMMON STOCK
REPURCHASE PROGRAM
Coral Gables, Fla. -- Alfred R. Camner, Chairman and CEO of Bankunited Financial
Corporation ("Nasdaq: BKUNA") Today announced that the Board of Directors has
authorized an initial repurchase by the Company of up to 100,000 shares of its
Class A Common Stock, par value $.01, from time to time in open market
transactions at prices deemed advantageous by the Executive Committee of the
Board.
Camner stated that, "The repurchase program will be exercised periodically when
the Executive Committee deems that the stock represents a good value in view of
the Company's capital position and earnings. In addition, the program provides a
potential source of shares of Common Stock for the Company's stock option and
stock bonus plans."
Additionally, the Board has authorized the repurchase of shares of its 8% and 9%
Preferred Stock in open market or in privately negotiated transactions at prices
deemed advantageous by the Executive Committee of the Board.
Headquartered in Coral Gables, Bankunited currently is the fourth largest
publicly-held financial institution based in the tri-county South Florida
region, operating 14 branches in Dade, Broward And Palm Beach counties of
southeast Florida.
Bankunited Financial Corporation is traded on the Nasdaq National Market. Its
common stock trades under the symbol BKUNA. Preferred stocks trade under the
symbols BKUNO, BKUNP and BKUNN.
CONTACT: SAMUEL MILNE, CFO, BANKUNITED (305) 569-2000
Distributed by: Boardroom Communications, Inc., (954) 321-6334
Contact: Linda Greck or Julie Silver,
