From Earlier: Herald National Bank Shareholders Approve Acquisition by BankUnited

Herald National Bank HNB and BankUnited BKU announced that yesterday Herald's shareholders approved BKU's acquisition of Herald through the merger of a subsidiary of BKU with and into Herald. Holders of 14,172,596 shares of Herald common and preferred stock, representing over 83% of the shares of Herald stock entitled to vote on the matter, voted to ratify and confirm the Merger Agreement dated as of June 2, 2011, by and between BKU and Herald, as amended. Subject to the satisfaction of certain conditions contained in the Merger Agreement, BKU and Herald expect to complete the merger during the first quarter of 2012.