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BankUnited, Inc. Announces Closing Of Secondary Offering Of Common Stock

BankUnited, Inc. (NYSE:BKU) (the "Company") announced today the closing of the sale of 11,853,276 shares of common stock by investment funds affiliated with The Blackstone Group, The Carlyle Group, WL Ross & Co. LLC and Centerbridge Partners, L.P. (the "Selling Stockholders"). Upon the closing, the Selling Stockholders no longer own any shares in the Company.

The Company did not receive any proceeds from the offering.

The offering was made pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission on March 6, 2013.

Goldman, Sachs & Co. acted as the sole underwriter for the offering.

Copies of the prospectus supplement and accompanying prospectus related to the offering may be obtained from: Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 866-471-2526, facsimile: 212-902-9316, e-mail: prospectus-ny@ny.email.gs.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About BankUnited, Inc.

BankUnited, Inc., a bank holding company with consolidated total assets of $15.0 billion at December 31, 2013, is the holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida with 99 branches in 15 Florida counties and 6 banking centers in the New York metropolitan area.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company's current views with respect to, among other things, future events and financial performance. The Company generally identifies forward-looking statements by terminology such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "could," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of those words or other comparable words. Any forward-looking statements contained in this press release are based on the historical performance of the Company and its subsidiaries or on the Company's current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to the Company's operations, financial results, financial condition, business prospects, growth strategy and liquidity. If one or more of these or other risks or uncertainties materialize, or if the Company's underlying assumptions prove to be incorrect, the Company's actual results may vary materially from those indicated in these statements. These factors should not be construed as exhaustive. The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements including, but not limited to, the risk factors described in the prospectus supplement for the underwritten offering and the Company's most recent Annual Report on Form 10-K, filed with the SEC and available at the SEC's website ( www.sec.gov).



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