HOUSTON, Aug. 31 /PRNewswire/ -- Bank United Corp. (Nasdaq: BNKU)
(the "Company") today announced that its board of directors declared a fourth
fiscal quarter dividend of $0.16 per share on its Class A and Class B Common
stock.  The dividends will be payable on September 24, 1998, to holders of
record on September 11, 1998.
    The Company's subsidiary, Bank United (NYSE: BKU PrA and PrB), also
announced today that its board of directors declared, effective September 1, a
fourth fiscal quarter dividend of $0.6325 per share on its 10.12 percent
Noncumulative Preferred Stock, Series A, and a fourth fiscal quarter dividend
of $0.60 per share on its 9.6 percent Noncumulative Preferred Stock, Series B.
The dividends will be payable on September 30, 1998 to holders of record on
September 11, 1998.
    Bank United Corp., headquartered in Houston, is the largest publicly
traded depository institution headquartered in Texas, with $13.1 billion in
assets, $6.4 billion in deposits and $669.4 million in stockholders' equity.
Bank United, a federally chartered savings bank, operates a community banking
network of 81 branches in Texas, including 41 located in the greater Houston
area, 36 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 mortgage 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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