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BANK UNITED OF TEXAS DECLARES THIRD FISCAL QUARTER DIVIDENDS

 HOUSTON, June 3 /PRNewswire/ -- Bank United of Texas FSB (NYSE: BKU PRA) today announced that its board of directors declared third fiscal quarter dividends of $0.6325 per share on its 10.12 percent noncumulative preferred stock, series A. The dividends will be payable on June 30, 1993, to holders of record on June 16, 1993.
 Bank United of Texas FSB operates a fully-integrated national housing finance business focused on one-to-four family residential mortgages. The bank's business is conducted through a retail banking network of 64 branches in Texas, 32 located in the greater Houston area and 26 located in the Dallas and Fort Worth metroplex; a mortgage banking network of 97 retail loan and correspondent offices in 26 states under the name of Commonwealth United Mortgage; and a wholesale banking division, United Financial Markets, which specializes in buying, managing, securitizing, and selling mortgage instruments in the wholesale and secondary mortgage markets.
 Bank United, a federal savings bank with assets of $7.3 billion at March 31, 1993, is FDIC insured and an equal housing lender.
 -0- 6/3/93
 /CONTACT: Carol Geissen, media relations, 713-965-6588, or Lynne King, investor relations, 713-965-6965, both of Bank United of Texas FSB/


CO: Bank United of Texas FSB ST: Texas IN: FIN SU: DIV

TM -- NY101 -- 5171 06/03/93 16:27 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
Words:220
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