HOUSTON, June 2 /PRNewswire/ -- Bank United Corp. (Nasdaq: BNKU) (the
"Company") today announced that its board of directors declared, effective
June 1, a third fiscal quarter dividend of $0.16 per share on its Class A and
Class B Common stock.  The dividend will be payable on June 25, 1998, to
holders of record on June 12, 1998.
    The Company's subsidiary, Bank United (NYSE: BKU PrA and PrB), also
announced today that its board of directors declared, effective June 1, a
third fiscal quarter dividend of $0.6325 per share on its 10.12 percent
Noncumulative Preferred Stock, Series A, and a third fiscal quarter dividend
of $0.60 per share on its 9.6 percent Noncumulative Preferred Stock, Series B.
The dividends will be payable on June 30, 1998 to holders of record on
June 12, 1998.
    Bank United Corp., headquartered in Houston, is the largest publicly
traded depository institution headquartered in Texas, with $13.1 billion in
assets and $653  million in stockholders' equity.  Bank United, a federally
chartered savings bank, operates a community banking network of 80 branches in
Texas, including 41 located in the greater Houston area, 35 located in the
Dallas/Ft. Worth Metroplex, and two each in Austin and San Antonio; a
commercial banking group with 21 regional offices in 18 states; 6 wholesale
origination offices; a mortgage servicing business; and a financial markets
business.  Bank United is FDIC insured and an equal housing lender.

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