CORRECTING and REPLACING BankUnited to Announce Fiscal Second-Quarter Results

The corrected release reads:

BANKUNITED TO ANNOUNCE FISCAL SECOND-QUARTER RESULTS

BankUnited Financial Corporation (NASDAQ:BKUNA), parent company of BankUnited FSB, announced today that financial results for the second quarter of fiscal 2008, which ended on March 31, 2008, will be made public in a news release on Monday, May 12, 2008, prior to the market opening.

A conference call to discuss quarterly results will be held at 11:00 a.m. that day with Chairman and Chief Executive Officer Alfred R. Camner, President and Chief Operating Officer Ramiro Ortiz, Chief Financial Officer Bert Lopez and Senior Executive Vice President of Corporate Finance James Foster.

Presentation materials will be available on the company's website at www.bankunited.com prior to the call. The call may be accessed via a live Internet webcast at www.bankunited.com or through a dial-in telephone number at (888) 680-0878 (domestic) or (617) 213-4855 (international). The name of the call is BankUnited, and the pass code for the call is 48216466. A replay of the call will be available from 1:00 EDT on May 12 through 11:59 EDT on May 19 by calling toll-free (888) 286-8010 (domestic) or (617) 801-6888 (international). The pass code for the replay is 62729201.

About BankUnited

BankUnited Financial Corp. is the holding company for BankUnited FSB, the largest banking institution by assets, headquartered in Florida. At Dec. 31, 2007, BankUnited had assets of $14.4 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 www.bankunited.com. For additional information, call (877) 779-2265.

Forward-Looking Statements

This press release and the presentation, to which it refers, may contain certain forward-looking statements, which are based on management's expectations regarding factors that may impact the company's earnings and performance in future periods. Words and phrases such as: "will likely result," "expect," "will continue," "anticipate," "estimate," "project," "believe," "intend," "should," "would," "may," "can," "could," "plan," "target" and similar expressions are intended to identify "forward-looking statements." Actual results or performance could differ from those implied or contemplated by such statements. Factors that could cause future results and performance to vary materially from current management expectations include, but are not limited to, general business and economic conditions, either nationally or regionally; fiscal or monetary policies; significant weather events such as hurricanes; changes or fluctuations in the interest rate environment; a deterioration in credit quality and/or a reduced demand for credit, including the resultant effect on our allowance for loan losses; reduced deposit flows and loan demand; real estate values; competition from other financial service companies in our markets; potential or actual litigation; legislative or regulatory changes, including, among others, changes in accounting standards, guidelines and policies; the issuance or redemption of additional company debt or equity; the concentration of operations in Florida, if Florida business or economic conditions decline; 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 the company's common stock; and other economic, competitive, servicing capacity, governmental, regulatory and technological factors affecting the company's operations, price, products and delivery of services. Please refer to the documents that BankUnited Financial Corporation files periodically with the SEC, such as the Form 10-K, Form 10-Q and Form 8-K, which contain additional important factors that could cause actual results to differ from the company's current expectations and from the forward-looking statements contained in this press release.