Bay View Considering Alternatives to Cash Distribution

Bay View Considering Alternatives to Cash Distribution 


SAN MATEO, Calif., March 10  /PRNewswire-FirstCall/ -- Bay View Capital
Corporation (NYSE:BVC) announced today that it would not make a first quarter
cash distribution to stockholders.  Bay View's Board of Directors is evaluating
whether an acquisition would better maximize stockholder value. Pending the
conclusion of that analysis, Bay View's Board of Directors has decided to
retain surplus cash for possible use in connection with a potential acquisition
rather than distributing such surplus to stockholders.  If Bay View determines
it will not seek an acquisition or if it is unable to locate a suitable
acquisition over the next several months, Bay View's Board of Directors would
then consider future cash distributions depending on a number of factors,
including Bay View's financial condition and results of operations and other
strategic alternatives.

Bay View Capital Corporation is a financial services company headquartered in
San Mateo, California and is listed on the NYSE: BVC.  For more information,
visit http://www.bayviewcapital.com/. 

DATASOURCE: Bay View Capital Corporation



CONTACT:  John Okubo of Bay View Capital, [phone]



Web site:  http://www.bayviewcapital.com/ 

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