Statement from Alfred R. Camner, Founder and Chairman Emeritus of BankUnited
21 Ottobre 2008 - 1:19AM
Business Wire
Statement from Alfred R. Camner, Founder and Chairman Emeritus of
BankUnited: �This is an appropriate time to retire. I helped
position the Bank with a number of programs, including the Mortgage
Assistance Program, to help our homeowners, which should aid the
Bank to be successful in the future in the midst of a national
housing crisis, an economic downturn affecting all financial
institutions. The Bank should have many opportunities because it is
truly a community bank devoted to the communities in which it
operates. It is truly Main Street, not Wall Street, a provider
services to its customers. I believe that these programs should
provide the Bank an excellent opportunity for future success. I
have been pleased and proud to work with so many dedicated Bank
employees.� About BankUnited BankUnited Financial Corp. is the
holding company for BankUnited FSB, the largest banking institution
headquartered in Florida. At June 30, 2008, BankUnited had assets
of $14.2 billion. Serving customers through 85 branches in 13
coastal counties, including Miami-Dade, Broward, Palm Beach,
Martin, St. Lucie, Collier, Charlotte, Manatee, Hillsborough,
Sarasota, Lee, Indian River and Pinellas, BankUnited offers a full
spectrum of consumer and commercial banking products and services,
including online products that can be accessed through
http://www.bankunited.com. For additional information, call
877-779-2265. Forward-Looking Statements This press release may
contain certain forward-looking statements, as that term is defined
in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain the words
�believe,� �anticipate,� �expect,� �estimate,� �project,� �will
be,� �will continue,� �will likely result,� �plan,� or words or
phrases of similar meaning. Forward-looking statements are
estimates and projections reflecting our best judgment and involve
many uncertainties and other factors which may cause actual results
to differ materially from the future results, performance or
achievements expressed or implied by the forward-looking
statements. These statements are based on our management�s belief
and assumptions, which in turn are based on currently available
information. Examples of forward-looking statements include, but
are not limited to, our expectations regarding: Revenues, expenses,
liquidity, income, earnings per share, margin, asset growth, loan
production, deposit growth, and other performance measures;
Expansion of operations, including branch openings, entrance into
new markets, development of products and services; and Discussions
on the outlook of the economy, competition, regulation, taxation,
company strategies, subsidiaries, investment risk, and policies.
Although we believe that the estimates and projections reflected in
the forward-looking statements are reasonable, our expectations may
prove to be incorrect. We caution readers not to place undue
reliance on any forward-looking statements, which speak only as of
the date made, and are not historical facts or guarantees of future
performance. Important risks and other factors that could cause
actual results to differ materially from the results and events
anticipated or implied by such forward-looking statements include,
but are not limited to: national and regional business and economic
conditions; fiscal and monetary policies; natural events such as
hurricanes; changes in interest rates; a reduced demand for credit;
reduced access to borrowings and deposits; a decrease in deposit
flows, loan demand or deposit or other customers; risks associated
with residential mortgage lending or the slowdown in the housing
market, including, without limitation, continued deterioration in
credit quality, reduced real estate values and slower sales;
payment elections by borrowers of option ARM loans and
deterioration in the ability of borrowers to repay their loans and
other debts; competition from other financial service companies in
our markets; potential or actual litigation; potential or actual
actions by regulators, including, without limitation, new, changed
or increased regulatory restrictions and the ability to comply with
such restrictions; our ability to comply with regulatory consent
and cease and desist orders; changes in regulations, laws, policies
or standards, including, among others, changes in accounting
standards, guidelines and policies; the outcome of ongoing tax
audits; the issuance, redemption or deferral of payments on our
debt or equity; the concentration of operations in Florida;
reliance on other companies for products and services; the impact
of war and the threat and impact of terrorism; volatility in the
market price of our common stock; unfavorable conditions in the
capital markets; the possible loss of key personnel; the possible
inability to successfully implement our agreements with regulators
or our strategic initiatives; and other economic, competitive,
servicing capacity, governmental, regulatory and technological
factors affecting our operations, prices, products and delivery of
services. Neither the success, timing nor terms of our capital
raising efforts are certain. Without limiting the foregoing, we are
not able to make any assurances that: (a) the increased rate of
sale of foreclosed homes will continue in future periods, (b) the
percentage of unsold homes in escrow or under negotiation will be
representative of the number or percentage of homes sold in future
periods, (c) the quality of our loan portfolio will continue in
future periods, (d) we will have adequate liquidity in future
periods, or (e) we will qualify as �well-capitalized,�
�adequately-capitalized� or otherwise in future periods. We do not
update forward-looking statements to reflect the impact of
circumstances or events that arise after the date the
forward-looking statements were made, except as required by law.
Please refer to the documents that BankUnited Financial Corporation
files periodically with the SEC, such as the Form 10-K for the 2007
fiscal year, and the report on Form 10-Q for the fiscal quarter
ended June 30, 2008, which contain additional important factors
that could cause actual results to differ from our current
expectations and from the forward-looking statements contained in
this press release.
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