Bay View Capital Corporation Monthly Financial Highlights.

SAN MATEO, Calif.--(BUSINESS WIRE)--Sept. 28, 1999--

Bay View Capital Corporation (NYSE:BVC)

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                     BAY VIEW CAPITAL CORPORATION
                     MONTHLY FINANCIAL HIGHLIGHTS
                              (Unaudited)


September 28, 1999
                             -----------------------------------------
                                   As of or for the Month Ended
                             -----------------------------------------
                               August 31,     July 31,      June 30,
                                  1999          1999          1999
                             -----------------------------------------
ASSETS                                 (Dollars in thousands)
Cash and Cash Equivalents (a) $  200,038    $  246,913    $   89,392
Investment Securities and
  FHLB/FRB Stock                  99,706       114,641       113,707
Mortgage-backed Securities       590,865       602,000       614,145
Loans and Leases, net          4,413,846     4,176,678     4,473,587
Investment in Operating
  Leased Assets, net             379,046       365,236       338,845
Other                            254,896       255,592       273,652
                              ----------    ----------    ----------
       Total Assets           $5,938,397    $5,761,060    $5,903,328
                              ==========    ==========    ==========

DEPOSITS
     Transaction Accounts:
       Checking               $  429,732    $  415,089    $  382,878
       Savings                   150,392       152,204       152,077
       Money Market            1,190,819     1,211,607     1,225,041
                              ----------    ----------    ----------
                               1,770,943     1,778,900     1,759,996

     Term Accounts:
       Retail CDs              1,521,495     1,529,296     1,530,161
       Brokered CDs              302,558       172,856        56,718
                              ----------    ----------    ----------
         Total Deposits       $3,594,996    $3,481,052    $3,346,875
                              ==========    ==========    ==========

WEIGHTED AVERAGE YIELDS AND RATES
Loans and Leases                   8.20%         8.09%         8.08%
Mortgage-backed Securities         6.41%         6.43%         6.32%
Investments                        5.21%         5.31%         5.35%
Interest-earning Assets            7.86%         7.83%         7.81%
Retail Deposits                    3.94%         3.94%         3.97%
Total Deposits (including
  Brokered CDs)                    4.06%         3.97%         4.00%
Borrowings                         5.89%         5.72%         5.71%
Interest-bearing Liabilities       4.69%         4.63%         4.63%
Normalized Net Interest
  Spread (b)                       3.17%         3.20%         3.18%
Normalized Net Interest
  Margin (b)                       3.33%         3.34%         3.33%
                              ==========    ==========    ==========

KEY RATIOS
Nonperforming Assets/Total
  Assets (c)                       0.25%         0.26%         0.28%
Troubled Debt Restructurings/
  Total Assets (d)                 0.02%         0.01%         0.01%
Tier 1 Leverage (e)                 N/A           N/A          7.14%
Tier 1 Risk-based Capital (e)       N/A           N/A          9.31%
Total Risk-based Capital (e)        N/A           N/A         10.33%
                              ==========    ==========    ==========

(a)  Cash and cash equivalents include federal funds sold
(b)  Normalized net interest margin represents normalized net interest
     spread after including a factor for the excess of
     interest-earning assets over interest-bearing liabilities.
     Normalized net interest margin, as presented herein, includes
     income from the Company's auto leasing activities (i.e., the
     excess of rental income over depreciation expense on leased
     assets), which are principally funded by the Company's deposits
     and other borrowings, and also includes the expense related to
     the Company's Capital Securities. Normalized net interest income
     also excludes nonrecurring interest income and expense items. Had
     the Company's auto leasing income, as defined, and the expense
     related to the Capital Securities, along with their corresponding
     average balances, been excluded from the computation of net
     interest margin in accordance with generally accepted accounting
     principles and had nonrecurring interest income and expense items
     been included in the computation of net interest income, the
     Company's net interest margin would have been 3.24%, 3.13% and
     3.29% for August, July and June, respectively.

(c)  Nonperforming assets include 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)  Troubled debt restructuring related to 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)  Bay View Bank, N.A. capital ratios are presented on a quarterly
     basis.