HOUSTON, Sept. 4 /PRNewswire/ -- Bank United Corp. (Nasdaq: BNKU)
(the "Company") today announced that its board of directors declared a fourth
fiscal quarter dividend of $0.14 per share on its Class A and Class B Common
Stock.  The dividend will be payable on September 26, 1997, to holders of
record on September 15, 1997.
    The Company's subsidiary, Bank United (NYSE: BKU), also announced today
that its board of directors declared 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, 1997 to holders of record on September 15, 1997.
    Bank United Corp., headquartered in Houston, is the largest publicly
traded depository institution headquartered in Texas, with $11.4 billion in
assets, $5 billion in deposits and $582.6 million in stockholders' equity.
Bank United, a federally chartered savings bank headquartered in Houston,
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 1O 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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