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Published on 9/8/2010 in the Prospect News Distressed Debt Daily.

BankUnited Financial net income up to $1,282 in July on zero sales

By Caroline Salls

Pittsburgh, Sept. 8 - BankUnited Financial Corp. reported $1,282 of net income for July on zero cash sales, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.

In June, the company posted $1,045 of net income, also on zero cash sales.

BankUnited had $35.48 million in total assets at July 31, down from $36.02 million at the end of June.

BankUnited Financial, the holding company for BankUnited FSB, filed for bankruptcy on May 22, 2009 in the U.S. Bankruptcy Court for the Southern District of Florida. The company is based in Coral Gables, Fla. The Chapter 11 case number is 09-19940.


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