Bankunited, Inc. · NYSE:BKU
Bankunited — Merger or Acquisition (June 2011)
17 slides from Bankunited's merger presentation, Jun 27, 2011
Slide 1: BankUnited, Inc. June 27, 2011
BankUnited, Inc. June 27, 2011
Slide 2: Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the current views of BankUnited, Inc. (“BankUnited” or “BKU”) with respect to, among other things, future events and financial performance. BankUnited general
Slide 3: About BankUnited: Company Snapshot
Focused on business banking in metro markets 2nd largest independent bank in Florida 81 branches $10.8 billion of assets $3.7 billion of loans $6.9 billion of total deposits #6 in Miami MSA and #11 in FL by deposit share(2) Well-managed and well-capitalized financial institution Tier 1 Leverage: 10.
Slide 4: BankUnited timeline and key events
April 28, 2009 – BankUnited, Inc. was organized by a management team led by John Kanas Initially capitalized with $945 million by investors including Blackstone, Carlyle, WL Ross and Centerbridge (management invested $36 million) May 21, 2009 – BankUnited acquired $13.6 billion in assets, assumed $1
Slide 5: What Have We Done So Far?
What Have We Done So Far? 5 Shifted to Business Banking Model Reconfigured and Expanded Branch Network Rebuilt Technology Platform Cultivated Strong Regulatory Relationships Initial Public Offering Replaced Entire Bank Senior Management Team
Slide 6: Impressive New Loan Growth ($MM)
Impressive New Loan Growth ($MM) 6 $189 $255 $343 $541 $596 $130 $0 $0 $250 $500 $750 May 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011
Slide 7: Shift to Stable Core Deposits
Shift to Stable Core Deposits 7 May 2009 March 2011
Slide 8: Replaced Entire Bank Senior Management Team
Replaced Entire Bank Senior Management Team 8
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Slide 10: Reconfigured and Expanded Branch Network
Rolled out new company logo Eliminated non-strategic branches Consolidated our non-branch operations into one location Improved the overall presentation of our resulting footprint After 10 New Face...
Slide 11: Rebuilt Technology Platform
Rebuilt Technology Platform 11 Information Technology Goals Deliver superior products and services to our clients Expand capacity in order to accommodate our expansion strategy and support a large regional financial institution Significant Investments Converted core deposit system to latest Fiserv p
Slide 12: Cultivated Strong Regulatory Relationships
Ongoing Supervision and Regular Onsite Examinations for Safety and Soundness Examinations and Audits for Compliance with Loss Sharing Agreements and Mortgage Servicing Cultivated Strong Regulatory Relationships Undergone full-scope regulatory examination Approved to open multiple de novo branches Ap
Slide 13: Charter Conversion
Charter Conversion 13 Today Interim Period (Transaction close through August 2012) Post August 2012
Slide 14: Initial Public Offering
Initial Public Offering Investor Pre-IPO Ownership Post-IPO Ownership The Blackstone Group 23.6% 14.1% The Carlyle Group 23.6% 14.1% WL Ross & Co. 23.6% 14.1% Centerbridge Partners 18.5% 11.1% Other Investors 7.0% 39.6% Management(1) 3.8% 7.0% Total 100% 100% (1) Post-IPO ownership value excludes ve
Slide 15: We will continue to grow in Florida
We will continue to grow in Florida 10 75 95 4 95 75 Total Deposits in Florida: $410 billion Growth rate: 2.2% (1) Source: SNL Financial. Deposit data as of June 30, 2010. 15
Slide 16: and we are on our way to New York
and we are on our way to New York Total Deposits in Manhattan: $493 billion Growth rate: 15.0% (1) Source: SNL Financial. Deposit data as of June 30, 2010. 88 90 495 390 90 81 95 495 9A 495 16
Slide 17: Acquisition of Herald National Bank
Acquisition of Herald National Bank Strategic rationale of the transaction Clean loan portfolio Herald operates under similar business model Provides platform for market entry into New York Several employees at senior and middle management positions were former employees of North Fork with market kn