Bank United Corp. Announces a 15.625 Percent Increase in Dividends

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Bank United Corp. Announces a 15.625 Percent Increase in Dividends

    HOUSTON, June 3 /PRNewswire/ -- Bank United Corp. (Nasdaq: BNKU) (the
"Company") today announced that its board of directors declared, effective
June 3, 1999, a third fiscal quarter dividend of $0.185 per share on its Class
A and Class B Common stock, representing a 15.625 percent increase in
dividends.  The dividend will be payable on June 24, 1999, to holders of
record on June 14, 1999.  CEO Barry C. Burkholder said, "In view of the Bank's
continued strong financial performance, our Board of Directors increased the
dividend payout amount to benefit our shareholders."  The dividend payout
amount had last been increased on November 20, 1997 from $0.14 per share to
$0.16 per share.
    The Company's subsidiary, Bank United (NYSE: BKU PrA and PrB), also
announced today that its board of directors declared, effective June 3, a
third fiscal quarter dividend of $0.6325 per share on its 10.12 percent
Noncumulative Preferred Stock, Series A, and a first 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, 1999 to holders of record on
June 14, 1999.
    Bank United Corp., headquartered in Houston, is the largest publicly
traded depository institution headquartered in Texas, with $14.9 billion in
assets, $6.6 billion in deposits and $723 million in stockholders' equity.
Bank United is FDIC insured and an equal housing lender.  Bank United,
operates a 141-branch community banking network in Texas, including 73 in the
Dallas/Fort Worth area, 59 in the greater Houston area, 5 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.  Bank United is FDIC
insured and an equal housing lender.

SOURCE Bank United Corp.

http://www.bankunited.com
CONTACT:
Vern Stockton, Media Relations, 713-543-6920,
or Debbie Kemple, Investor Relations, 713-543-6926, both of Bank
United Corp.