Exhibit 10.2



AMENDMENT NO 3 TO EMPLOYMENT AGREEMENT



This Amendment No. 3 (the Amendment) to the Second Amended and Restated Employment Agreement effective as
of April 1, 2002 (the Agreement) is made by and between BankUnited, FSB, (the Bank) and Alfred R. Camner (the Executive) and is effective as of December 14, 2005.



RECITALS



WHEREAS, the Bank and the Executive agreed to restructure the
Executives compensation in April 2002 in consideration of the provisions of section 162(m) of the Internal Revenue Code; and



WHEREAS, pursuant to such compensation restructuring, the Executives Salary was reduced significantly and the Executive was given the
opportunity to earn additional periodic cash compensation based on achievement of performance goals; and



WHEREAS,the Agreement provided for this compensation structure to continue until September 30, 2005; and



WHEREAS, the Compensation Committee has determined to continue this
compensation structure through September 30, 2006, with an increase in Executives Salary;



NOW, THEREFORE BE IT RESOLVED, in consideration of the mutual agreements and premises contained herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:



1.Section 4 of the Agreement is hereby amended by removing Section 4 of the Agreement in its entirety and replacing it with the
following paragraph:



In consideration for the
services to be rendered by the Executive hereunder, for the period commencing April 1, 2002 and ending September 30, 2002, the Bank shall pay the Executive no salary, but shall provide the Executive with the opportunity to earn between
Three Hundred Thousand and 00/100 Dollars ($300,000) and Five Hundred Thousand and 00/100 Dollars ($500,000) upon the satisfaction of certain preestablished short-term compensation goals set by the Bank. For the period commencing October 1,
2002 and continuing through December 31, 2005, in consideration for the services to be rendered by the Executive hereunder, the Bank shall pay to him a salary at an annual rate of Three Hundred Seventy-Five Thousand Dollars ($375,000). For the
period commencing January 1, 2006 and continuing through September 30, 2006, in consideration for the services to be rendered by the Executive hereunder, the Bank shall pay to him a salary at an annual rate of Four Hundred Seventy-Five
Thousand Dollars ($475,000). The Executives Salary shall be payable in approximately equal installments in accordance with the Banks customary payroll practices for senior officers. In addition, for the period commencing October 1,
2002 and continuing through September 30, 2006, the Bank shall provide the Executive with the opportunity to earn between Seven Hundred Thousand and 00/100 Dollars ($700,000) and One Million and 00/100 Dollars ($1,000,000) based upon the
satisfaction of certain pre-established short-term compensation goals set by the Bank.



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Amendment No. 3

BankUnited, FSB

Alfred Camner Employment Agreement

Page 2



2. Except
as modified by this Amendment, all other terms and conditions of the Agreement remain in full force and effect.



IN WITNESS WHEREOF, the Bank has caused this Agreement to be executed and the Executive has hereunto set his hand, all as of the day and year as
first written above.



|                |  |                                          |  |                  |  |       |  |                     
|--------------- |  | ---------------------------------------- |  | ---------------- |  | ----- |  | --------------------
|BANKUNITED, FSB |  |                                          |  | ALFRED R. CAMNER
|                |  |                                          |  |                 
|By:             |  | /s/ Lawrence H. Blum                     |  |                  |  | By:   |  | /s/ Alfred R. Camner
|Name:           |  | Lawrence H. Blum                         |  |                  |  | Name: |  | Alfred R. Camner    
|Title:          |  | Vice Chairman of the Board and Secretary |  |                  |  |       |  |                     
|                |  |                                          | 
|ATTEST:         |  |                                          |  |                  |  |      
|                |  |                                          |  |                 
|By:             |  | /s/ Dellene Acampa                       |  |                  |  |       |  |                     
|Name:           |  | Dellene Acampa                           |  |                  |  |       |  |                     
|Title:          |  | Assistant Secretary                      |  |                  |  |       |  |