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BANK UNITED OF TEXAS FSB DECLARES QUARTERLY DIVIDEND

 HOUSTON, March 4 /PRNewswire/ -- Bank United of Texas FSB (NYSE: BKU) today announced that its board of directors declared an initial dividend of $0.6466 per share on its 10.12 percent, noncumulative preferred stock, series A. The dividend, which will be payable on March 31, 1993, to shareholders of record on March 17, 1993, is comprised of $0.0141 per share for the last two days of 1992 and $0.6325 per share for the first calendar quarter of 1993.
 Bank United 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 95 retail loan and correspondent offices in 25 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 $6.9 billion at Jan. 31, 1993, is FDIC insured.
 -0- 3/4/93
 /CONTACT: Ruth Lack, media, 713-965-6920 or Lynne King, investor, 713-965-6965, both of Bank United of Texas/
 (BKU)


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

TM -- NY099 -- 3121 03/04/93 16:02 EST
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Publication:PR Newswire
Date:Mar 4, 1993
Words:235
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