FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person *   ROSS WILBUR L JR 2. Date of Event Requiring Statement (Month/Day/Year) 01/27/2011 3. Issuer Name and Ticker or Trading Symbol BankUnited, Inc. [BKU] (Last) (First) (Middle) 319 CLEMATIS STREET, ROOM 1000 (10TH FLOOR) 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) WEST PALM BEACH, FL 33401 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock, par value $0.01 per share 20,374,728 I (1) (2) See Footnotes (1) (2) Common Stock, par value $0.01 per share 74,461 D (2) (3) Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ROSS WILBUR L JR 319 CLEMATIS STREET ROOM 1000 (10TH FLOOR) WEST PALM BEACH, FL 33401	  X	  X	Â	Â
El Vedado, LLC 319 CLEMATIS STREET ROOM 1000 (10TH FLOOR) WEST PALM BEACH, FL 33401	Â	  X	Â	Â
WLR/GS Master Co-Investment, L.P. C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS NEW YORK, NY 10036	Â	  X	Â	Â
WLR Master Co-Investment GP LLC C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS NEW YORK, NY 10036	Â	  X	Â	Â
WLR IV PARALLEL ESC LP C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS NEW YORK, NY 10036	Â	  X	Â	Â
INVESCO WLR IV Associates LLC C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS NEW YORK, NY 10036	Â	  X	Â	Â
Invesco Private Capital, Inc. C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS NEW YORK, NY 10036	Â	  X	Â	Â
WLR Recovery Fund IV LP C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS NEW YORK, NY 10036	Â	  X	Â	Â
WLR Recovery Associates IV LLC C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS NEW YORK, NY 10036	Â	  X	Â	Â
WL Ross Group, L.P. C/O WL ROSS & CO. LLC 1166 AVENUE OF THE AMERICAS NEW YORK, NY 10036	Â	  X	Â	Â

Signatures

/s/ Wilbur L. Ross		01/27/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Represents 18,540,720 shares of common stock held directly by WLR Recovery Fund IV, L.P. ("Fund IV") and 1,834,008 shares of common stock held directly by WLR/GS Master Co-Investment, L.P. ("WLR/GS Fund"). Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC and WLR Master Co-Investment GP, LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV and WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Fund. WL Ross & Co. LLC is the investment manager of Fund IV and WLR/GS Fund.
(2)	Each of the Reporting Persons disclaims beneficial ownership of any securities except to the extent of its pecuniary interest therein.
(3)	Represents 74,461 shares of common stock held directly by WLR IV Parallel ESC, L.P. ("Parallel Fund"). Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. WL Ross & Co. LLC is the investment manager of the Parallel Fund.
  Remarks: Exhibit 99.1 (Joint Filer Information) incorporated herein by reference. Due to technical limitations in the number of reporting persons that can be included in a Section 16 filing, this Form 3 is being filed in two separate filings.  This is filing no. 1 of 2.  Filing no. 2 is made solely for the purpose of including WL Ross & Co. LLC as a reporting person in this filing no. 1.

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