Florida-Based BankUnited Posts Record Profits, Gives New Role to Executive.

Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

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COPYRIGHT 2001 The Miami Herald

Byline: Gregg Fields

Apr. 25--Proving that necessity is the mother of reinvention, BankUnited Financial, a Coral Gables institution that is a surprising contender for the title of biggest bank based in Florida, said its second-quarter profits hit record levels.

It also announced a management restructuring, one that will dramatically alter the role played by Mehdi Ghomeshi, the former Barnett Bank executive who has helped guide the institution through much of its transformation from a tiny, somewhat stodgy savings and loan to full-service commercial bank.

For the fiscal second quarter, ended March 31, BankUnited earned $4.2 million, or 22 cents per share,...

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