Bay View Capital Corporation Announces Sale of Auto Loans

SAN MATEO, Calif., April 7 -- Bay View Capital Corporation announced today the sale of auto loans totaling $35.7 million in outstanding principal balances. These were recreational vehicle loans purchased from March 1996 through December 1999. The sales price included a premium that was consistent with the mark-to-market adjustment previously recorded on this portfolio.

This sale represents a further step in completing the Company's plan of dissolution and stockholder liquidity. "We are pleased to have completed this sale of RV loans. These were loans previously purchased on a flow basis outside of our core auto lending business," said Charles G. Cooper, Bay View Capital Corporation CEO.

Bay View Capital Corporation is a commercial bank holding company headquartered in San Mateo, California and is listed on the NYSE: BVC. For more information, visit www.bayviewcapital.com.