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BANK UNITED DECLARES FIRST FISCAL QUARTER DIVIDENDS

 HOUSTON, Nov. 12 /PRNewswire/ -- Bank United of Texas FSB (NYSE: BKU PRA) today announced that its board of directors declared first fiscal quarter dividends of $.6325 per share on its 10.12 percent noncumulative preferred stock, series A. The dividends will be payable on Dec. 31, 1993, to holders of record on Dec. 13, 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 62 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 109 retail loan and correspondent offices in 29 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 $8.4 billion at Sept. 30, 1993, is FDIC insured and an equal housing lender.
 -0- 11/12/93
 /CONTACT: Carol Geissen, 713-965-6588, or (investors) Lynne King, 713-965-6965, both of Bank United of Texas FSB/
 (BKU PRA)


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

MP -- NY063 -- 3758 11/12/93 14:14 EST
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Publication:PR Newswire
Date:Nov 12, 1993
Words:219
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