HOUSTON, Sept. 18 /PRNewswire/ -- Bank United Corp. (Nasdaq: BNKU) and its
subsidiary Bank United (NYSE: BKU PrA, BKU PrB) announced an agreement to
purchase three Dallas-area branches from California Federal Bank, FSB.  The
branches, two located in Plano and one located in McKinney, have combined
deposits of
$66 million.
    Bank United has filed applications with regulatory agencies to operate
these branch offices.  Completion of this transaction, which is expected to
close by the end of the year, will expand the total number of Bank United
community bank branches in the Dallas/Ft. Worth Metroplex to 32.
    "The Dallas/Ft. Worth market is important to Bank United's focus on
delivering high quality, full service community banking in Texas," said Bank
United Chairman and CEO Barry C. Burkholder.  "This market has been an
integral part of building Bank United into the largest publicly-traded
depository institution headquartered in Texas.  The addition of these
locations will bring added convenience to many of our Dallas area customers."
    Bank United, a federally chartered savings bank headquartered in Houston,
Texas, has assets of $11.4 billion and deposits of $5 billion.  The bank's
business is conducted through a community banking network of 70 branches in
Texas, 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 10 regional offices; 5 wholesale mortgage origination offices, and
a financial markets business.  Bank United is FDIC insured and an equal
housing lender.

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