Bay View Capital Corporation Announces Monthly Financial Highlights.

SAN MATEO, Calif.--(BUSINESS WIRE)--Nov. 21, 1996--Bay View Capital Corp., the holding company for Bay View Federal Bank and California Thrift and Loan, reports the following monthly financial highlights for Oct. 31, 1996. -0-

                       MONTHLY FINANCIAL HIGHLIGHTS
                                (Unaudited)

November 21, 1996
                                                 At or for the
                             At or for month     ten month period
                             ended October 31,   ended October 31,

(Dollars  in thousands)      1996        1995    1996        1995

LOANS AND MORTGAGE-BACKED SECURITIES ACTIVITY

Loans  Originated          $ 48,032   $ 14,231 $ 309,483   $226,573
Loans Purchased/Repurchased    -            21    65,843     13,046
Loans  Sold                    -             -    11,978        119
Mortgage-backed
  Securities sold              -             -    27,745    103,454

ASSETS

Cash and Cash
  Equivalents (a)          $ 74,543    $ 17,748
Investment Securities and
  FHLB Stock                 74,257      75,169
Mortgage-backed Securities,
  net                       622,473     749,127
Loans Receivable, net     2,566,205   2,091,845
Other Assets                 66,480      85,819
   Total Assets         $ 3,403,958 $ 3,019,708

CUSTOMER DEPOSITS

Transaction Accounts:
 Checking                 $ 112,527   $ 102,260
 Regular Savings /
   Tiered Savings           207,912     158,125
 Money Market Account
   Savings                  159,355     106,055
    Total                   479,794     366,440

Term Accounts:

 6 month CDS                 95,343      78,296
 1 year CDS                 402,694     339,420
 Jumbo CDS - Branch          21,162      15,022
 Jumbo CDS - Money Desk       3,625      31,076
 Other Time Deposits      1,063,983   1,001,546
  Total                   1,586,807   1,465,360

Total Customer Deposits  $2,066,601  $1,831,800

Net Customer Deposits
  Increase (Decrease)
  From Prior Month       $  (27,853) $ (15,477)
Interest Credited Included
  in Net Change in Net Customer
  Deposits
  Increase (Decrease)       $ 2,688    $ 1,209  $ 66,484   $ 59,440

BORROWINGS AND OTHER LIABILITIES

Federal Home Loan Bank
  Advances                 $ 816,856  $ 727,490
Securities Sold Under
  Agreements to
  Repurchase                204,847    199,202
Senior Debenture             49,365        -
Other Borrowings             10,610      7,995
Other Liabilities            58,936     26,833
Total Borrowings and
  Other Liabilities      $ 1,140,614 $ 961,520


                              BAY VIEW CAPITAL CORPORATION
                              MONTHLY FINANCIAL HIGHLIGHTS
                                      (Unaudited)

                                                       Month
                                                 ended October 31,
                                                    1996   1995


WEIGHTED AVERAGE YIELDS AND RATES

 Loans                                              8.34    7.75
 Mortgage-backed Securities                         6.46    6.62
 Investments                                        5.82    5.91
 Interest-earning Assets                            7.89    7.40
 Customer Deposits                                  4.96    5.31
 Borrowings                                         6.19    6.62
 Interest-bearing Liabilities                       5.38    5.76
 Net Interest Spread (b)                            2.51    1.64
 Net Interest Margin (b) (c)                        2.84    1.95


                                                   At October 31,
ORIGINATION RATE ON NEW LOANS (FULLY INDEXED)       1996    1995

 1 Year Treasury (f)                                 N/A    8.23%
 Monthly COFI (f)                                    N/A    7.76%
 Fixed - 30 Year                                   8.38%    8.38%

KEY RATIOS

 Nonperforming Assets/Total Assets (d)               .68%   1.48%
 Troubled Debt Restructurings/Total Assets (e)       .02%    .47%

(a)  Cash and cash equivalents include federal funds sold.
(b)  Net  interest  spread and margin are calculated excluding
     nonperforming assets and including the impact of purchase
     accounting adjustments finalized in September 1996.
(c)  Net interest margin represents net interest spread after
     including a factor for the excess of interest-earning
     assets over interest-bearing liabilities.
(d)  Loans ninety days or more delinquent, (excluding
     accruing loans delinquent ninety days or more), loans designated
     as nonperforming,nonperforming securities and foreclosed real
     estate.
(e)  Real estate loans which have been modified (due to borrower
     financial difficulties)  with stated interest rate and/or a
     monthly payment rate lower than the prevailing market rate.
     At October 31,1996, all such loans were current according
     to their modified terms.
(f)  The loan product is no longer being offered.

CONTACT: Bay View Capital Corp., San Mateo

David A. Heaberlin, 415/312-7272