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TheStreet Open House

BankUnited Makes $40 Million Loan To Star Computer Group, Inc.

BankUnited (NYSE: BKU) provided a $40 million commercial loan to Star Computer Group, Inc. to be used for working capital. The transaction closed in late September.

Founded in 1994, Star Computer Group, Inc. operates as a smart phone and computer products wholesale distributor based in Miami with additional offices in Colombia, Mexico, Panama and Argentina.

“BankUnited is taking a leadership role in helping the South Florida economy improve and we have made assisting local businesses to support their growth strategies a primary focus,” said Nic Bustle, BankUnited senior executive vice president, corporate and commercial banking.

CIMA Capital Partners, LLC, acted as financial advisors to Star Computer Group in this transaction. CEO Henry Waissmann and CFO Hugo Beltran are principals of Star Computer Group.

BankUnited (NYSE: BKU), headquartered in Miami Lakes, Fla., provides a wide range of commercial and consumer banking services to businesses and consumers in 15 Florida counties through more than 95 branches. For additional information, call (877) 779-2265 or visit www.BankUnited.com.



Copyright Business Wire 2010

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