HOUSTON, March 2 /PRNewswire/ -- Bank United Corp. (Nasdaq: BNKU) (the
"Company") today announced that its board of directors declared, effective
March 2, a second fiscal quarter dividend of $0.16 per share on its Class A
and Class B Common stock.  The dividend will be payable on March 26, 1998, to
holders of record on March 13, 1998.
    The Company's subsidiary, Bank United (NYSE: BKU PrA and PrB), also
announced today that its board of directors declared, effective March 2, a
second fiscal quarter dividend of $0.6325 per share on its 10.12 percent
Noncumulative Preferred Stock, Series A, and a second fiscal quarter dividend
of $0.60 per share on its 9.6 percent Noncumulative Preferred Stock, Series B.
The dividends will be payable on March 31, 1998 to holders of record on
March 13, 1998.
    Bank United Corp., headquartered in Houston, is the largest publicly
traded depository institution headquartered in Texas, with $12.5 billion in
assets and $612.5 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; as well as
a branch and credit card processing center in Phoenix, Arizona; a commercial
banking group with 12 regional offices; 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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