BVC Bay View Cap Cp

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, +1-650-294-7778 Web site: http://www.bayviewcapital.com/

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