BankUnited (NYSE: BKU) responded today to an inaccurate media report characterizing its relationship with Paragon Financial Group, Ft. Lauderdale, Florida. The bank clarified that it has recently extended a modest loan to the company and is very pleased to have them as customers of the bank. BankUnited stressed, however, that it is not in "partnership" with Paragon and is not involved in any way with opening lending offices with the company.
About BankUnited, N.A.
BankUnited, N.A., a national bank and wholly-owned subsidiary of BankUnited, Inc. (NYSE: BKU), is headquartered in Miami Lakes, Florida with $13.1 billion of assets, 98 banking centers in 15 Florida counties and four banking centers in the New York metropolitan area at June 30, 2013. Ranked 10th on Forbes Magazine's list of "Best Banks in America 2012," and one of the largest independent depository institutions headquartered in Florida by assets, BankUnited provides a wide range of commercial and consumer banking services. For additional information, call (877) 779-2265 or visit
www.BankUnited.com. BankUnited can be found on Facebook at facebook.com/BankUnited.official and on Twitter @BankUnited.