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BankUnited Financial reports $950 of net income for February
By Caroline Salls
Pittsburgh, March 29 - BankUnited Financial Corp. reported $950 of net income for February on zero cash sales, according to its monthly operating report filed with the Securities and Exchange Commission.
In comparison, the company posted $605,000 of net income for January, also on zero cash sales.
The company had $40.33 million in total assets at Feb. 28, down from $45.05 million at the end of January.
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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