1st United Bancorp, Inc. Announces Special Dividend

BOCA RATON, Fla., Dec. 23, 2013 /PRNewswire/ -- 1^st United Bancorp, Inc. ("1^st United") (Nasdaq: FUBC), the holding company for 1^st United Bank, a Florida chartered commercial bank, announced today that its board of directors has declared a special cash dividend on 1^st United common stock of $0.10 per share, payable January 20, 2014, to shareholders of record as of the close of business on January 6, 2014.

Rudy Schupp, Chief Executive Officer of 1^st United, commented: "In keeping with our continued commitment to create value for our shareholders, we are pleased to be able to provide a return through this special dividend."

About 1^st United Bancorp, Inc.

1^st United is a financial holding company headquartered in Boca Raton, Florida. 1^st United's principal subsidiary, 1^st United Bank, is a Florida chartered commercial bank, which operates 22 branches in South and Central Florida, including Brevard, Broward, Hillsborough, Indian River, Miami-Dade, Orange, Palm Beach and Pinellas Counties. 1^st United's principal executive office and mailing address is One North Federal Highway, Boca Raton, FL 33432 and its telephone number is (561) 362-3435.  1^st United's stock is listed on the Nasdaq Global Select Market under the symbol "FUBC".

SOURCE 1st United Bancorp, Inc.

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