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| Bank United Corp. and Bank United Declare Second Fiscal Quarter 1999 Dividends |
HOUSTON, March 1 /PRNewswire/ -- Bank United Corp. (Nasdaq: BNKU) (the "Company") today announced that its board of directors declared a second fiscal quarter dividend of $0.16 per share on its Class A and Class B Common stock. The dividends will be payable on March 25, 1999, to holders of record on March 12, 1999. The Company's subsidiary, Bank United (NYSE: BKU PrA and PrB), also announced today that its board of directors declared, effective March 1, 1999, a second fiscal quarter dividend of $0.6325 per share on its 10.12 percent Noncumulative Preferred Stock, Series A, and a second fiscal quarter dividend of $0.60 per share on its 9.6 percent Noncumulative Preferred Stock, Series B. The dividends will be payable on March 31, 1999 to holders of record on March 12, 1999. Bank United Corp., headquartered in Houston, is the largest publicly traded depository institution headquartered in Texas, with $14.8 billion in assets, $6.3 billion in deposits, and $706.1 million in stockholders' equity at December 31, 1998. Bank United, a federally chartered savings bank, operates a community banking network of 96 branches in Texas, including 48 located in the greater Houston area, 39 located in the Dallas/Ft. Worth Metroplex, 5 located in Midland, and two each in Austin and San Antonio; a commercial banking group with 22 regional offices in 16 states; 9 wholesale mortgage origination offices; a mortgage servicing business; and a financial markets business. The Bank's website can be found at http://www.bankunited.com. Bank United is FDIC insured and an equal housing lender.SOURCE Bank United Corp.
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CONTACT:
Vern Stockton, Media Relations, 713-543-6920,
or Debbie Kemple, Investor Relations, 713-543-6926, both of Bank
United Corp.
