University of Miami Convocation Center Renamed BankUnited Center; Agreement Provides Largest Bank Headquartered in Florida With Naming Rights to Renowned Center

Under the terms of the agreement, BankUnited will be the officialbank of the 7,000-seat, $48 million, multi-purpose facility that ishome to the University's men's and women's basketball teams and hostto various events of local and national importance. Efforts arealready underway to transition the BankUnited name and logo tointerior and exterior signage. The comprehensive agreement alsoincludes on-site ATMs, alumni and student marketing opportunities,collateral materials, Web promotions and other components.

"Today the University is not only partnering with a fine SouthFlorida company but also with a wonderful UM family," said UMPresident Donna E. Shalala. "The BankUnited Center will continue towelcome top notch events and be a place for the community to enjoy."

Situated on the University of Miami campus in Coral Gables, Fla.,the Center hosted the 2004 U.S. Presidential Debate, The Dalai Lama,Univision Premios Juventud and sell-out concerts, including Coldplayand Kanye West. It is managed by Global Spectrum, a subsidiary ofPhiladelphia-based Comcast-Spectacor, which owns the PhiladelphiaFlyers, the Philadelphia 76ers, the Philadelphia Phantoms, FlyersSkate Zone, Comcast SportsNet, and the Bowie Baysox, the DelmarvaShorebirds and the Frederick Keys, all affiliates of the BaltimoreOrioles.

Alfred R. Camner, BankUnited's chairman and chief executiveofficer, and an alumni of the University's law school, added, "This isa wonderful partnership. Our financial support will enable UM tocontinue to offer outstanding educational opportunities to talentedyoung people. We recruit from UM's pool of alumni and recentgraduates, so this arrangement has sentimental significance for manyof our bankers. We're pleased to do our part to make South Florida abetter place to work and live."

About BankUnited

BankUnited Financial Corp. (Nasdaq:BKUNA) is the holding companyfor BankUnited FSB, the largest banking institution headquartered in Florida as measured by assets. BankUnited had assets of $10.7 billion at Sept. 30, 2005. Serving customers in Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, Collier, Lee and Charlotte counties through 62 branches, 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.

About University of Miami

The University of Miami is the largest private researchinstitution in the southeastern United States. The University'smission is to provide quality education, attract and retainoutstanding students, support the faculty and their research, andbuild an endowment for University initiatives. http://www.miami.edu