Bay View Capital Corp. Announces Monthly Financial Highlights.

SAN MATEO, Calif.--(BUSINESS WIRE)--June 24, 1998-- -0-

                     BAY VIEW CAPITAL CORPORATION
                     MONTHLY FINANCIAL HIGHLIGHTS
                              (Unaudited)

                                          As of or for the Month Ended
                                           May 31, April 30, March 31,
                                           1998     1998       1998
                                            (Dollars in thousands)
Loan And Lease Activity
Loans Originated:
  Real Estate                         $    7,727 $    7,189 $    8,059
  Motor Vehicle                           32,574     36,424     35,378
  Commercial                               6,007      3,908      3,405
  Other                                    4,492      5,101      3,224
Loans and Leases Purchased:
  Real Estate                              6,543      4,863        784
  Motor Vehicle                           23,864     12,490     17,987
  Consumer (including Home Equity)       156,997     57,360      7,464
                                        --------   --------   --------
                                      $  238,204 $  127,335 $   76,301

Assets
Cash and Cash Equivalents (a)         $   66,085 $   66,664 $  109,349
Investment Securities and FHLB Stock      79,970     95,518     95,116
Mortgage-backed Securities               823,820    854,105    882,773
Loans and Leases Receivable, net       4,091,075  3,957,016  3,934,008
Other                                    317,882    303,260    320,167
   Total Assets                       $5,378,832 $5,276,563 $5,341,413

Customer Deposits
Transaction Accounts:
   Checking                           $  307,301 $  280,433 $  298,160
   Savings                               159,235    160,800    165,314
   Money Market                          913,367    911,347    912,928
                                       ---------  ---------  ---------
                                       1,379,903  1,352,580  1,376,402

Term Accounts:
   Time Deposits                       1,969,848  2,030,597  2,105,455
   Brokered CDs                               --         --     10,100
                                       ---------  ---------  ---------
                                       1,969,848  2,030,597  2,115,555

   Total Customer Deposits            $3,349,751 $3,383,177 $3,491,957

Borrowings and Other Liabilities
Federal Home Loan Bank Advances       $1,275,310 $1,145,610 $1,093,400
Securities Sold Under Agreements to
  Repurchase                             163,118    168,148    168,428
Debentures and Notes                     149,399    149,393    149,388
Other Borrowings                           5,488      5,540      5,591
Other Liabilities                         43,559     34,073     43,944
   Total Borrowings and Other
      Liabilities                     $1,636,874 $1,502,764 $1,460,751

                     BAY VIEW CAPITAL CORPORATION
                 MONTHLY FINANCIAL HIGHLIGHTS(CONT'D.)
                              (Unaudited)

                                          As of or for the Month Ended
                                           May 31, April 30, March 31,
                                           1998     1998       1998
Weighted Average Yields and Rates

Loans and Leases                           8.37%      8.34%      8.36%
Mortgage-backed Securities                 6.48%      6.63%      6.64%
Investments                                6.57%      6.60%      6.69%
Interest-earning Assets                    8.01%      8.00%      8.01%
Customer Deposits                          4.47%      4.51%      4.55%
Borrowings                                 6.32%      6.35%      6.37%
Interest-bearing Liabilities               5.04%      5.04%      5.07%
Net Interest Spread (b)                    2.97%      2.95%      2.94%
Net Interest Margin (b)                    3.09%      3.06%      3.05%

Key Ratios

Nonperforming Assets/Total Assets (c)      0.37%      0.36%      0.36%
Troubled Debt Restructurings/
  Total Assets (d)                         0.01%      0.01%      0.01%
Tangible Capital (e)                        N/A        N/A       6.26%
Core (Leverage) Capital (e)                 N/A        N/A       6.28%
Risk-based Capital (e)                      N/A        N/A      11.02%

(a)  Cash and cash equivalents include federal funds sold.
(b)  Net interest margin represents net interest spread after
     including a factor for the excess of interest-earning assets over
     interest-bearing liabilities. Increases in April and May due to
     decreases in deposit and borrowing costs and continued
     originations and purchases of assets with higher risk-adjusted
     yields.
(c)  Loans ninety days or more delinquent (excluding loans accruing
     interest which are delinquent ninety days or more), loans
     designated as nonperforming, nonperforming securities, and
     foreclosed real estate.
(d)  Real estate loans which have been modified (due to borrower
     financial difficulties) with a stated interest rate and/or a
     monthly payment rate lower than the prevailing market rate.
(e)  Capital ratios are presented on a quarterly basis.

CONTACT: Bay View Capital Corporation

David A. Heaberlin, 650/312-7272

Jeffrey Butcher, 650/312-7490

(NASDAQ:BVCC)

http://www.bayviewcapital.com