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: November 15, 1996



                        BANKUNITED FINANCIAL CORPORATION
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)


    FLORIDA                            5-43936                 65-0377773
(State or other                (Commission File Number)      (IRS Employer
jurisdiction of                                             Identification No.)
incorporation)


                255 ALHAMBRA CIRCLE, CORAL GABLES, FLORIDA 33134
             ------------------------------------------------------
               (Address of principal executive offices) (ZIP Code)


       Registrant's telephone number, including area code: (305) 569-2000


                                Page 1 of 4 Pages

<PAGE>

Item 2.      ACQUISITION OR DISPOSITION OF ASSETS.

             On November 15, 1996 the Registrant completed its acquisition of
Suncoast Savings and Loan Association, FSA ("Suncoast"). In connection with the
acquisition, the Registrant issued (i) one share of its Series I Class A Common
Stock, $.01 par value, for each share of Common Stock, $1.10 par value, of
Suncoast, and (ii) one share of its 8% Noncumulative Convertible Preferred
Stock, Series 1996, for each share of 8% Noncumulative Convertible Preferred
Stock, Series A, $5.00 par value, of Suncoast. In the acquisition Suncoast
merged into BankUnited, FSB, a wholly owned subsidiary of the Registrant.


Item 7.      FINANCIAL STATEMENTS AND EXHIBITS.

             (a) Financial statements of businesses acquired. The following
financial statements and related items of Suncoast have been previously filed in
the Registrant's Registration Statement on Form S-4 (the "Registration
Statement"), registration no. 333-13211, filed with the Securities and
Exchange Commission on October 1, 1996, and declared effective
on October 2, 1996.

                 (1) Consolidated Statements of Financial Condition as of
June 30, 1996 and 1995.

                 (2) Consolidated Statements of Operations for each of the 
years in the three year period ended June 30, 1996.

                 (3) Consolidated Statements of Cash Flows for each of the
years in the three year period ended June 30, 1996.

                 (4) Consolidated Statements of Stockholders' Equity for each
of the years in the three year period ended June 30, 1996.

                 (5) Notes to Consolidated Financial Statements.

                 (6) Report of Independent Certified Public Accountants.

             (b) Pro forma financial information. The following pro forma
financial information has been previously filed in the Registration Statement
under the caption "Unaudited Pro Forma Condensed Combined Financial Statements"
in the prospectus:

                 (1) Unaudited Pro Forma Condensed Combined Statement of
Financial Condition at June 30, 1996 with related notes.

                 (2) Unaudited Pro Forma Condensed Combined Statements of
Operations for the nine months ended June 30, 1996 and for the year ended
September 30, 1996 with related notes.

             (c) Exhibits.

                 2.1 Agreement and Plan of Merger dated as of July 15, 1996
                     previously filed in the Registration Statement as
                     Exhibit A to the prospectus.

                 2.2 Amendment dated October 11, 1996 to Agreement and Plan
                     of Merger dated as of July 15, 1996. 


                                Page 2 of 4 Pages

<PAGE>


                                    SIGNATURE


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

                                              BANKUNITED FINANCIAL CORPORATION




                                              By: /s/ Samuel A. Milne
                                                  ----------------------------
                                                  Samuel A. Milne
                                                  Executive Vice President and
                                                 Chief Financial Officer


Dated:  December 2, 1996


                                Page 3 of 4 Pages

<PAGE>

                        BANKUNITED FINANCIAL CORPORATION

                                    FORM 8-K

                                INDEX TO EXIBITS

                                                                  Sequentially
Exhibit                                                             Numbered
  No.                                                                 Page
-------                                                            ------------
 2.2       Amendment dated October 11, 1996 to Agreement and 
           Plan of Merger dated as of July 15, 1996.............        4


                                Page 4 of 4 Pages
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{"company-data": {"conformed-name": "BANKUNITED FINANCIAL CORP", "cik": "0000894490", "assigned-sic": "6035", "irs-number": "650377773", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21850", "film-number": "96674882"}, "business-address": {"street1": "255 ALHAMBRA CIRCLE", "city": "CORAL GABLES", "state": "FL", "zip": "33134", "phone": "3055692000"}, "mail-address": {"street1": "255 ALHAMBRA CIRCLE", "city": "CORAL GABLES", "state": "FL", "zip": "33134"}}
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: November 15, 1996

                        BANKUNITED FINANCIAL CORPORATION
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

    FLORIDA                            5-43936                 65-0377773
(State or other                (Commission File Number)      (IRS Employer
jurisdiction of                                             Identification No.)
incorporation)

                255 ALHAMBRA CIRCLE, CORAL GABLES, FLORIDA 33134
             ------------------------------------------------------
               (Address of principal executive offices) (ZIP Code)

       Registrant's telephone number, including area code: (305) 569-2000

                                Page 1 of 4 Pages
Item 2.      ACQUISITION OR DISPOSITION OF ASSETS.

             On November 15, 1996 the Registrant completed its acquisition of
Suncoast Savings and Loan Association, FSA ("Suncoast"). In connection with the
acquisition, the Registrant issued (i) one share of its Series I Class A Common
Stock, $.01 par value, for each share of Common Stock, $1.10 par value, of
Suncoast, and (ii) one share of its 8% Noncumulative Convertible Preferred
Stock, Series 1996, for each share of 8% Noncumulative Convertible Preferred
Stock, Series A, $5.00 par value, of Suncoast. In the acquisition Suncoast
merged into BankUnited, FSB, a wholly owned subsidiary of the Registrant.

Item 7.      FINANCIAL STATEMENTS AND EXHIBITS.

             (a) Financial statements of businesses acquired. The following
financial statements and related items of Suncoast have been previously filed in
the Registrant's Registration Statement on Form S-4 (the "Registration
Statement"), registration no. 333-13211, filed with the Securities and
Exchange Commission on October 1, 1996, and declared effective
on October 2, 1996.

                 (1) Consolidated Statements of Financial Condition as of
June 30, 1996 and 1995.

                 (2) Consolidated Statements of Operations for each of the 
years in the three year period ended June 30, 1996.

                 (3) Consolidated Statements of Cash Flows for each of the
years in the three year period ended June 30, 1996.

                 (4) Consolidated Statements of Stockholders' Equity for each
of the years in the three year period ended June 30, 1996.

                 (5) Notes to Consolidated Financial Statements.

                 (6) Report of Independent Certified Public Accountants.

             (b) Pro forma financial information. The following pro forma
financial information has been previously filed in the Registration Statement
under the caption "Unaudited Pro Forma Condensed Combined Financial Statements"
in the prospectus:

                 (1) Unaudited Pro Forma Condensed Combined Statement of
Financial Condition at June 30, 1996 with related notes.

                 (2) Unaudited Pro Forma Condensed Combined Statements of
Operations for the nine months ended June 30, 1996 and for the year ended
September 30, 1996 with related notes.

             (c) Exhibits.

                 2.1 Agreement and Plan of Merger dated as of July 15, 1996
                     previously filed in the Registration Statement as
                     Exhibit A to the prospectus.

                 2.2 Amendment dated October 11, 1996 to Agreement and Plan
                     of Merger dated as of July 15, 1996. 

                                Page 2 of 4 Pages
SIGNATURE

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

                                              BANKUNITED FINANCIAL CORPORATION

                                              By: /s/ Samuel A. Milne
                                                  ----------------------------
                                                  Samuel A. Milne
                                                  Executive Vice President and
                                                 Chief Financial Officer

Dated:  December 2, 1996

                                Page 3 of 4 Pages
BANKUNITED FINANCIAL CORPORATION

                                    FORM 8-K

                                INDEX TO EXIBITS

                                                                  Sequentially
Exhibit                                                             Numbered
  No.                                                                 Page
-------                                                            ------------
 2.2       Amendment dated October 11, 1996 to Agreement and 
           Plan of Merger dated as of July 15, 1996.............        4

                                Page 4 of 4 Pages