MIAMI LAKES, Fla.--(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.
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.
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