BankUnited Financial Corporation (NASDAQ:BKUNA), parent company of
BankUnited FSB, announced today that effective immediately it will
temporarily suspend foreclosures on owner-occupied homes until the
Treasury Department's Financial Stability Plan home loan modification
program is finalized in the next few weeks.
“We want to help people remain in their homes,” said Ramiro Ortiz,
BankUnited's president and chief executive officer. “The challenging
economic climate, continued job losses and financial pressures are
affecting our customers. Treasury's plan may provide different avenues
of relief for consumers, and we don't want them to miss an opportunity
to take advantage of the program.”
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 of Florida,
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 notice contains certain forward-looking statements, as defined in
Section 27A of the Securities Act of 1933, as amended (the “Securities
Act”), and Section 21E of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”). Forward-looking statements are statements
that are not historical facts and, without limitation, include
predictions, forecasts, indications or discussions of future results,
performances or achievements. Certain statements including words such
as: “will likely result,” “expect,” “will continue,” “anticipate,”
“estimate,” “project,” “believe,” “intend,” “will,” “should,” “would,”
“could,” “may,” “can,” “plan,” “target” and similar expressions, are
intended to be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995 (“PSLRA”). In
particular, statements relating to future actions, trends in the
Company’s business, prospective services or products, future performance
or financial results and the outcome of contingencies, such as legal
proceedings, are considered forward-looking statements.
