John A. Kanas to Retire from Board of Directors at Year End; Rajinder P. Singh to Become Chairman
September 11 2018 - 5:00PM
Business Wire
BankUnited, Inc. (NYSE:BKU) announced today that John A. Kanas
will be retiring from the board of directors for BankUnited, Inc.
and BankUnited, N.A. effective December 31, 2018. Kanas, a
long-term industry veteran, has served as Chairman of the Board of
Directors since May 2009 when he, along with a group of investors,
acquired the assets and assumed the liabilities of the failed
BankUnited, FSB from the Federal Deposit Insurance Corporation.
Kanas also served as President and Chief Executive Officer of
BankUnited until his retirement from those roles on December 31,
2016.
President and Chief Executive Officer Rajinder P. Singh, who was
also one of the founders of the company and is a member of the
board of directors, will succeed Kanas as Chairman effective
January 1, 2019.
“It has been an incredible journey over the past nine years,”
Kanas said. “BankUnited has been one of the greatest turnaround
stories coming out of the financial crisis. I am proud of what has
been built and excited for its long-term future.”
Kanas further states, “Raj has been with me from the beginning
of the BankUnited story and transitioned seamlessly into his role
as President and CEO at the beginning of 2017. I have full
confidence that under Raj’s continued leadership, BankUnited will
thrive and maintain its trajectory as a steadily growing, highly
reputable regional bank.”
Kanas was recently appointed Vice Chairman and Senior Advisor to
Carlyle Global Financial Services Partners.
About BankUnited, N.A.
BankUnited, N.A. is a national bank and wholly-owned subsidiary
of BankUnited, Inc. (NYSE: BKU) and is headquartered in Miami
Lakes, Florida. As of June 30, 2018, BankUnited N.A. has $31.3
billion in total assets, 87 branches in 15 Florida counties and
five banking centers in the New York metropolitan area. One of the
largest independent depository institutions headquartered in
Florida by assets, BankUnited provides a wide range of commercial
and consumer banking services. For additional information, call
(877) 779-2265 or visit www.BankUnited.com. BankUnited can be found
on Facebook at facebook.com/BankUnited.official and on Twitter
@BankUnited.
Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
that reflect the Company’s current views with respect to, among
other things, future events.
The Company generally identifies forward-looking statements by
terminology such as “outlook,” “believes,” “expects,” “potential,”
“continues,” “may,” “will,” “could,” “should,” “seeks,”
“approximately,” “predicts,” “intends,” “plans,” “estimates,”
“anticipates” or the negative version of those words or other
comparable words. Any forward-looking statements contained in this
press release are based on the historical performance of the
Company and its subsidiaries or on the Company’s current plans,
estimates and expectations. The inclusion of this forward-looking
information should not be regarded as a representation by the
Company that the future plans, estimates or expectations
contemplated by the Company will be achieved. Such
forward-looking statements are subject to various risks and
uncertainties and assumptions, including (without limitations)
those relating to the Company’s operations, financial results,
financial condition, business prospects, growth strategy and
liquidity. If one or more of these or other risks or
uncertainties materialize, or if the Company’s underlying
assumptions prove to be incorrect, the Company’s actual results may
vary materially from those indicated in these
statements. These factors should not be construed as
exhaustive. The Company does not undertake any obligation to
publicly update or review any forward-looking statement, whether as
a result of new information, future developments or
otherwise. A number of important factors could cause actual
results to differ materially from those indicated by the
forward-looking statements. Information on these factors can
be found in the Company’s Annual Report on Form 10-K for the
year ended December 31, 2017 which is available at
the SEC’s website (www.sec.gov).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180911005839/en/
BankUnited, Inc.Donna Crump-Butler,
305-231-6707dbutler@BankUnited.comorSavannah Whaley, 954-776-1999,
Ext. 225swhaley@piersongrant.com
BankUnited (NYSE:BKU)
Historical Stock Chart
From Mar 2024 to Apr 2024
BankUnited (NYSE:BKU)
Historical Stock Chart
From Apr 2023 to Apr 2024