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| Bank United Corp. and Bank United Declare Fourth Fiscal Quarter 1999 Dividends |
HOUSTON, Sept. 1 /PRNewswire/ -- Bank United Corp. (Nasdaq: BNKU; NYSE: BKP) (the "Company") today announced that its board of directors declared, effective September 1, 1999, a fourth fiscal quarter dividend of $0.185 per share on its Class A Common stock. The dividend will be payable on September 23, 1999, to holders of record on September 13, 1999. The Company's subsidiary, Bank United (NYSE: BKU PrA, PrB), also announced today that its board of directors declared, effective September 1, 1999, 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, 1999 to holders of record on September 13, 1999. Bank United Corp., headquartered in Houston, is the largest publicly traded depository institution headquartered in Texas, with $15.4 billion in assets, $7.2 billion in deposits and $733 million in stockholders' equity. Bank United operates a 145-branch community banking network in Texas, including 75 in the Dallas/Fort Worth area, 61 in the greater Houston area, 5 in Midland, and two each in Austin and San Antonio; a commercial banking group with 18 regional offices in 15 states; small business lending offices in 14 states: 10 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.
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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.
