Bay View Capital Corporation to Pay Cash Distribution on Common Stock

Bay View Capital Corporation to Pay Cash Distribution on Common
Stock 


SAN MATEO, Calif., Dec. 10  /PRNewswire-FirstCall/ -- Bay View Capital
Corporation (the "Company") announced that its Board of Directors today
declared a cash distribution of $2.25 per share on its outstanding common stock
payable on December 31, 2004 to stockholders of record at the close of business
on December 21, 2004.

The Company's cash distributions during 2004 will be taxed as a dividend to the
extent of the Company's current or accumulated earnings and profits, with any
excess being treated first as a return of capital to the extent of any
remaining cost basis in the stock, then as a capital gain.  The amount taxable
as a dividend will be included in Form 1099-DIV information returns, which will
be provided after December 31, 2004.

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 Corporation, [phone]



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

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