HOUSTON, Nov. 20 /PRNewswire/ -- Bank United Corp. (Nasdaq: BNKU) (the
"Company") today announced that its board of directors declared, effective
December 1, a first fiscal quarter dividend of $0.16 per share on its Class A
and Class B Common Stock.  The dividend will be payable on December 26, 1997,
to holders of record on December 15, 1997.
    The Company's subsidiary, Bank United (NYSE: BKU), also announced today
that its board of directors declared, effective December 1, a first 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 December 31, 1997 to holders of record on
December 15, 1997.
    Bank United Corp., headquartered in Houston, is the largest publicly
traded depository institution headquartered in Texas, with $12 billion in
assets, $5.2 billion in deposits and $598.5 million in stockholders' equity.
Bank United, a federally chartered savings bank, operates a community banking
network of 70 branches in Texas, including 37 located in the greater Houston
area, 29 located in the Dallas/Ft. Worth Metroplex, and two each in Austin and
San Antonio; as well as a branch and credit card processing center in Phoenix,
Arizona; a commercial banking group with 11 regional offices; 5 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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