Declares Dividend on Class A Common Stock

BankUnited Financial Corporation (NASDAQ:BKUNA), parent company of BankUnited FSB, today announced that stockholders have approved an amendment to the company’s Articles of Incorporation to increase the authorized shares of Class A Common Stock from 100,000,000 shares to 200,000,000 shares.

Additionally, the Board of Directors declared a cash dividend of one-half cent ($0.005) per share on its Class A Common Stock. The dividend will be paid on June 30, 2008, to stockholders of record as of June 13, 2008.

About BankUnited

BankUnited Financial Corp. is the holding company for BankUnited FSB, the largest banking institution headquartered in Florida, based on assets. At March 31, 2008, BankUnited had assets of $ 14.3 billion.

Serving customers through 86 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.

BankUnited Financial Corporation, Coral Gables
Investor Relations:
Susan Wright Greenfield, 305-569-3449
or
Corporate Communications:
Melissa Gracey, 305-817-8117