On March 22, 2018, A. Robert Towbin, a member of the Board of Directors of BankUnited, Inc., notified the company that he will not stand for re-election to the Board at the company’s 2018 Annual Meeting of Stockholders. Mr. Towbin is 82 years old and has served as a director of the Company since 2014. Mr. Towbin will continue to serve as a director of the Company until the 2018 Annual Meeting. Mr. Towbin’s decision to retire from the Board is not the result of any disagreement with the Company or any matter relating to the Company’s operations, policies or practices.