[November 05, 2012]

BankUnited Makes $40 Million Loan to Star Computer Group, Inc.

BankUnited (NYSE: BKU) provided a $40 million commercial loan to Star Computer Group, Inc. to be used for working capital. The transaction closed in late September.

Founded in 1994, Star Computer Group, Inc. operates as a smart phone and computer products wholesale distributor based in Miami with additional offices in Colombia, Mexico, Panama and Argentina.

"BankUnited is taking a leadership role in helping the South Florida economy improve and we hae made assisting local businesses to support their growth strategies a primary focus," said Nic Bustle, BankUnited senior executive vice president, corporate and commercial banking.

CIMA (News - Alert) Capital Partners, LLC, acted as financial advisors to Star Computer Group in this transaction. CEO Henry Waissmann and CFO Hugo Beltran are principals of Star Computer Group.

BankUnited (NYSE: BKU), headquartered in Miami Lakes, Fla., provides a wide range of commercial and consumer banking services to businesses and consumers in 15 Florida counties through more than 95 branches. For additional information, call (877) 779-2265 or visit www.BankUnited.com.

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