| Business Summary | | Bankunited
Financial
Corporation
is
the
savings
and
loan
holding
company
for
BankUnited,
FSB
(the
Bank).
Bankunited's
principal
business
currently
consists
of
the
operation
of
its
wholly
owned
subsidiary,
the
Bank.
The
Bank's
primary
business
has
traditionally
been
to
attract
retail
deposits
from
the
general
public
and
to
invest
those
deposits,
together
with
borrowings,
principal
repayments
and
other
funds,
primarily
in
one-
to
four-family
residential
mortgage
loans,
and
to
a
lesser
extent,
mortgage-backed
securities,
commercial
real
estate
mortgage
loans,
multi-family
mortgage
loans,
commercial
business
loans
and
consumer
loans.
The
Bank
has
also
invested
in
other
permitted
investments.
The
Bank
conducts
business
in
Miami-Dade,
Broward,
Palm
Beach
and
Collier
counties
in
Florida. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Bankunited
is
a
savings
and
loan
holding
company
for
BankUnited,
FSB,
a
federally
chartered
savings
bank.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
11%
to
$241.1
million.
Net
interest
income
after
loan
loss
prov.
fell
9%
to
$50.4
million.
Net
income
applicable
to
Common
before
extraordinary
item
rose
8%
to
$11.6
million.
Net
interest
income
reflects
growth
of
residential
loan
balances,
offset
by
a
lower
net
interest
margin.
Earnings
reflect
higher
service
fee
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Alfred Camner, 56 Chairman
and CEO | $771K | $0.6K | Lawrence Blum, 57 Vice
Chairman | -- | -- | Mehdi Ghomeshi, 44 Vice
Chairman | 613K | -- | Humberto Lopez, 40 CFO,
Sr. Exec. VP-Fin. | -- | -- | Marc Lipsitz, 59 Director
and Sec. | -- | -- | Dollar
amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|