BankUnited Responds to Market Rumors; To Announce Fourth Quarter Results
BankUnited (NYSE: BKU) announced Wednesday that, regarding the recent articles and publicity about the Company, it has confirmed that a preliminary process did occur whereby the Company considered its strategic alternatives. That process has concluded and the Company will continue to pursue its original plan to build the premier bank throughout Florida as an independent institution.
The Company looks forward to releasing its financial results for the fourth quarter of 2011 prior to the market opening on Wednesday, January 25, 2012. Highlights will include twelve new branches opened during the fourth quarter, deposit growth from $6.9 billion to $7.4 billion, or 24% on an annualized basis, and growth in the Company's new loan portfolio from $1.3 billion to $1.7 billion, or 139% on an annualized basis.
