UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (date of earliest event reported): ~~February~~March 162, 2012

BankUnited Financial Corporation

(Exact Name of Registrant as Specified in Its Charter)

Florida

1-13921

650377773

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

c/o JH Cohn LLP

333 Thornall Street, Sixth Floor

Edison, New Jersey 08837

(Address of principal executive office)

c/o Development Specialists

200 South Biscayne Boulevard, Suite 1818

Miami, Florida 33131

(~~Address~~Former ofname ~~principal~~or ~~executive~~former ~~office~~address, if changed since last report.)

Registrant’s telephone number, including area code (~~305~~732) ~~374~~549-~~2717~~0700

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 81.0103 ~~Other~~Bankruptcy ~~Events~~or Receivership

~~On February~~As previously reported, on May 1622, ~~2012~~2009, BankUnited Financial Corporation (the “Company”), aand ~~Florida~~its ~~corporation~~wholly-owned subsidiaries, ~~together~~CRE ~~with~~America ~~its~~Corporation ~~subsidiaries~~and BankUnited Financial Services, ~~Inc.~~Incorporated, ~~and~~each ~~CRE~~commenced ~~America~~voluntary ~~Corporation~~cases ~~(collectively,~~under Chapter 11 of Title 11 of the United States Code (the “~~Company~~Bankruptcy Code”), ~~filed~~in ~~its~~the ~~monthly~~United ~~operating report~~States ~~for~~Bankruptcy Court for the ~~period~~Southern ~~from~~District ~~January 1~~of Florida (the “Bankruptcy Court”), ~~2012~~thus ~~through~~commencing ~~January 31~~Chapter 11 cases docketed respectively as Case Nos. 09-19940, ~~2012~~09-19941 (and 09-19942). The Company filed the ~~“January~~Chapter ~~Monthly~~11 ~~Operating~~petition ~~Report”)~~based ~~with~~on the ~~United~~appointment ~~States~~by ~~Bankruptcy~~the Office ~~Court~~of ~~for~~Thrift Supervision of the ~~Southern~~Federal ~~District~~Deposit Insurance Corporation (“FDIC”) as receiver of ~~Florida~~BankUnited, FSB, the Company’s wholly-owned subsidiary, on May 21, 2009.

~~Before~~On ~~reading~~February 27, 2012, the ~~January~~Official ~~Monthly~~Committee ~~Operating~~of ~~Report~~Unsecured orCreditors filed with the ~~summary~~Bankruptcy ~~thereof~~Court ~~which~~a isFourth ~~attached~~Amended ~~hereto~~Joint Plan of Liquidation (the “Liquidating Plan”). On March 2, we2012 ~~strongly~~(the ~~urge~~“Confirmation ~~you~~Date”), tothe ~~read~~Bankruptcy Court entered an order (the ~~Summary~~“Confirmation Order”) confirming the Liquidating Plan with respect to the Company ~~Cautionary~~and ~~Statement~~BankUnited ~~Regarding~~Financial Services Incorporated, but not CRE America Corporation. A copy of the ~~January~~Confirmation ~~Monthly~~Order, ~~Operating~~which ~~Report~~includes ~~below~~a copy of the Liquidating Plan, is filed as Exhibit 2.1. The Liquidating Plan became effective on March 9, 2012 (the “Effective Date”).

AThe ~~summary~~following ~~of the January Monthly Operating Report~~ is ~~attached~~a ~~hereto~~summary asof ~~Exhibit~~the ~~99.1~~material ~~and~~features isof ~~incorporated~~the ~~herein~~Liquidating ~~by reference~~Plan. This summary ofhighlights ~~the~~only ~~January~~certain ~~Monthly~~provisions ~~Operating~~of ~~Report~~the isLiquidating ~~not~~Plan ~~complete~~ and is ~~qualified~~not ina ~~its~~complete ~~entirety~~description ~~by the full text~~ of the ~~January~~Liquidating ~~Monthly Operating Report~~Plan. ~~The~~ This ~~full~~summary ~~text of the January Monthly Operating Report~~ is ~~available~~qualified ~~via~~in ~~the~~its ~~PACER~~entirety ~~system~~by ofreference ~~the~~to ~~United States Bankruptcy Court for~~ the ~~Southern~~full ~~District~~text of ~~Florida and may also be available via~~ the ~~homepage~~Liquidating ~~of the Official Committee of Unsecured Creditors at http://dm~~Plan.~~epiq11.com/BUN.~~

~~Summary~~The ~~Cautionary~~Liquidating ~~Statement~~Plan ~~Regarding~~provides ~~January~~for ~~Monthly~~the ~~Operating~~appointment ~~Report~~of a plan administrator who will be charged with liquidating the remaining assets of the Company. The plan administrator will make distributions to creditors from the proceeds of the liquidation. Administrative and priority claims will be paid in full upon their allowance by the Bankruptcy Court. The unsecured creditors will receive a pro-rata distribution of the remaining proceeds on their claims that are ultimately allowed by the Bankruptcy Court. Pursuant to the Liquidating Plan, on the Effective Date all equity interests in the Company, including the Company’s Class A Common Stock, Class B Common Stock and Series B Preferred Stock, which existed immediately prior to the petition date will be automatically cancelled and the obligations of the Company with respect to such equity interests will be terminated.

~~The~~Information ~~January~~as ~~Monthly~~to ~~Operating~~the ~~Report~~assets ~~contains~~and ~~financial~~liabilities ~~information~~of ~~that~~the ~~has~~Company ~~not~~as ~~been~~of ~~audited or reviewed by independent registered accountants~~January 31, 2012 is ~~not~~set ~~presented~~forth in ~~accordance with generally accepted accounting principles and may be subject to future reconciliation and adjustments. The information contained in~~ the ~~January~~ Monthly Operating Report ~~has~~for ~~been prepared in accordance with applicable law under Chapter 11 of Title 11 of~~ the ~~United~~period ~~States~~from ~~Code~~January 1, ~~and~~2012 ~~is not~~ to beJanuary 31, ~~used~~2012 ~~for investment purposes. There can be no assurance that~~ (the “January ~~Monthly Operating Report is complete~~MOR”). The ~~Company~~January ~~may~~MOR ~~amend or~~is ~~otherwise~~attached ~~change~~as ~~the~~Exhibit ~~information~~99.1 ~~contained~~to in the ~~January~~Company’s ~~Monthly~~Current ~~Operating~~ Report aton aForm ~~future~~8-K ~~date.~~as ~~Results~~furnished ~~set~~to ~~forth in~~ the Securities ~~January~~Exchange ~~Monthly~~Commission ~~Operating~~on ~~Report~~February 17, ~~should~~2012 ~~not~~and beis ~~viewed~~incorporated asherein ~~indicative~~by ~~of future results~~reference.

The ~~January~~Liquidating ~~Monthly~~Plan ~~Operating~~was prepared ~~Report~~and ~~should~~approved ~~under~~by nothe ~~circumstances~~Bankruptcy beCourt ~~relied~~in ~~upon~~accordance orwith ~~viewed~~section as1129 aof ~~substitute~~the Bankruptcy Code and Rule 3020 of the Federal Rules of Bankruptcy Procedure (the “Rules”), ~~supplement~~and not in accordance with federal or ~~replacement~~state securities laws or other rules governing disclosure outside the context of Chapter 11 of the Bankruptcy Code. The Liquidating Plan was prepared solely for the purpose of complying with the requirements of the Bankruptcy Code and the Rules, and should not be used for investment purposes. Any financial information that is ~~filed~~contained ~~with~~in the ~~U.S.~~Liquidating ~~Securities~~Plan ~~and~~or ~~Exchange~~the ~~Commission~~January ~~pursuant~~MOR tois ~~the~~limited ~~Securities~~in ~~Exchange~~scope, ~~Act~~was ofnot ~~1934~~audited or reviewed by independent accountants, asand ~~amended.~~is subject to future adjustment and reconciliation.

The above cautionary statement is a summary of the disclaimer included in the January Monthly Operating Report and is qualified in its entirety by reference to the January Monthly Operating Report incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is being furnished herewith:

ExhibitNo.		Description
99.1		Debtor’s Summary Consolidated Standard Monthly Operating Report for the period from January 1, 2012 to January 31, 2012.

Item 3.03

Material Modification to Rights of Security Holders

On the Effective Date, all equity interests of the Company, including the Class A Common Stock, shall be deemed extinguished and the certificates and all other documents representing such equity interests, if any, shall be deemed cancelled and of no force or effect.

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

As of the Effective Date, each of Danielle Lindholm, Gol Kalev, Lester Bliwise, Marc Jacobson, and Doyle Bartlett resigned as directors of the Company and its subsidiaries in accordance with the Liquidating Plan.

In addition, Joseph J. Luzinski resigned as the Chief Restructuring Officer of the Company and its subsidiaries as of the Effective Date.

In accordance with the Liquidating Plan, Clifford Zucker has been appointed as the plan administrator and sole director of the Company and its subsidiaries as of the Effective Date.

Item 9.01

Financial Statement and Exhibits

2.1	The Official Committee of Unsecured Creditors’ Fourth Amended Joint Plan of Liquidation under Chapter 11 of the Bankruptcy Code.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BANKUNITED FINANCIAL CORPORATION
Date: February 17, 2012	By:	/s/ Joseph J. Luzinski
Date: March 9, 2012	By:	/s/ Clifford Zucker
		Name: Joseph J. Luzinski
		Name: Clifford Zucker
		Title: Chief Restructuring Officer
		Title: Plan Administrator

EXHIBIT INDEX

ExhibitNo.		Description
99.1		Debtor’s Summary Consolidated Standard Monthly Operating Report for the period from January 1, 2012 to January 31, 2012.

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