Ramiro A. Ortiz Elected President and Chief Executive Officer of BankUnited
20 Octubre 2008 - 7:49AM
Business Wire
BankUnited Financial Corporation (NASDAQ:BKUNA), parent company of
BankUnited FSB (the bank), announced that its chairman and chief
executive officer, Alfred R. Camner, is retiring today as an
officer and director of the parent company and the bank. Mr. Camner
has been named founder and chairman emeritus in recognition of his
central role in establishing and growing the bank. Ramiro A. Ortiz,
current president and chief operating officer, has been elected
president and chief executive officer by the board of directors.
Additionally, the board has selected its vice-chairman, Lawrence H.
Blum, as its new chairman, and board member Bradley S. Weiss, as
its vice-chairman. �Alfred Camner had a vision of how a bank with
strong local roots and a commitment to its hometown could service
customers better than its competitors, and he was right,� said Mr.
Blum, the new chairman of the board. �BankUnited is now known for
unparalleled customer service as well as an abiding commitment to
the communities in which we operate, and we owe Mr. Camner our
deepest gratitude,� said Mr. Blum. �Mr. Camner and the board
concluded that it was the right time for the next generation of
leadership to steer this institution, and we are delighted to have
Ramiro Ortiz � one of the most highly regarded and respected
bankers in the nation � become CEO,� added Mr. Blum. Ramiro A.
Ortiz has served as a director, president, and chief operating
officer of both the bank and the parent company since 2002. He was
previously chairman and chief executive officer of SunTrust Bank
Miami. �Mr. Camner has made innumerable contributions to BankUnited
over the years, and we owe him a debt of gratitude,� said Mr.
Ortiz. �We will move BankUnited steadily ahead as a strong,
independent company by continuing to do what we do best -- focus
first on the needs of our customers,� said Mr. Ortiz. �We have
confidence in our good position and solid business model, our
management team is second to none, and we have the best and most
talented group of employees in banking I�ve ever seen.� Commenting
on Mr. Camner, board member Allen M. Bernkrant, speaking for the
entire board, noted that: �Mr. Camner is an exceptionally fine
person who enjoys well-earned respect both inside and beyond
BankUnited. His integrity, loyalty and dedication are unquestioned.
All of us wish him the best in his well-deserved retirement.� 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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