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BANKUNITED DECLARES 10 PERCENT STOCK DIVIDEND

 BANKUNITED DECLARES 10 PERCENT STOCK DIVIDEND
 CORAL GABLES, Fla., April 29 /PRNewswire/ -- BankUnited


(NASDAQ: BKUNA), a $324 million savings bank serving both coasts of Florida, today (4-29-92) declared a 10 percent stock dividend on both its Class A and Class B common stock, payable on May 26, 1992, to stockholders of record on May 11, 1992.
 The Class A common stock is traded on NASDAQ under the symbol BKUNA, and there are 721,927 shares currently outstanding. The Class B common stock (which is convertible into Class A) is not traded on any established public market, and there are 156,195 shares currently outstanding.
 Last week, BankUnited announced record net earnings for the second quarter and first half of fiscal 1992. For the six months ended March 31, 1992, BankUnited earned $1,161,387 ($.73 per share) compared to $399,007 ($.27 per share) for the same period of 1991.
 In announcing the dividend, Alfred R. Camner, chairman and chief executive officer of BankUnited, stated, "This stock dividend shares the bank's success with its owners, and we believe the increased number of shares to be traded on NASDAQ will heighten investor interest and improve marketability through higher trading volumes."
 -0- 4/29/92
 /CONTACT: Alfred R. Camner, chief executive officer or Steven D. Hayworth, chief operating officer of BankUnited Savings Bank, 305-529-2400; or John K. Schulte of Schulte, Ross & Aguilar, 305-856-1442, for BankUnited Savings Bank/
 (BKUNA) CO: BankUnited Savings Bank ST: Florida IN: FIN SU: DIV


AW-SS -- FL006 -- 4327 04/29/92 11:37 EDT
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Publication:PR Newswire
Date:Apr 29, 1992
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