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BANKUNITED DECLARES 15 PERCENT STOCK DIVIDEND

 BANKUNITED DECLARES 15 PERCENT STOCK DIVIDEND
 CORAL GABLES, Fla., Nov. 5 /PRNewswire/ -- BankUnited


(NASDAQ: BKUNA), a $345 million savings bank serving both coasts of Florida, today declared a 15 percent stock dividend on both its Class A and Class B common stock, payable on Nov. 30, 1992, to stockholders of record on Nov. 18, 1992.
 The Class A common stock is traded on NASDAQ under the symbol BKUNA, and there are 803,255 shares currently outstanding. The Class B common stock (which is convertible into Class A) is not traded on any established pubic market, and there are 175,394 shares currently outstanding.
 This is the third dividend paid this year on BankUnited's Class A common stock. On Jan. 31, it paid a cash dividend of 10 cents per share and on May 26 it paid a 10 percent stock dividend.
 Recently, BankUnited announced preliminary unaudited record high net earnings of approximately $2.6 million for its fiscal year ended Sept. 30, 1992. This is more than double the bank's net earnings of $1.2 million for the previous year.
 In announcing the dividend, Alfred R. Camner, chairman of BankUnited, stated, "This stock distribution shares the bank's successful year with its shareholders. The board of directors will consider an additional cash dividend before the end of 1992."
 -0- 11/5/92
 /CONTACT: Alfred R. Camner, chief executive officer, or Steven D. Hayworth, chief operating officer of BankUnited, 305-529-2400; or John K. Schulte of Schulte Ross & Aguilar, Inc., 305-856-1442, for BankUnited/
 (BKUNA) CO: BankUnited ST: Florida IN: FIN SU: DIV


JB-AW -- FL004 -- 2986 11/05/92 10:34 EST
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Date:Nov 5, 1992
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