<PAGE>
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION
PLEASE CONTACT:
September 8, 2000
BYL BANCORP
ROBERT UCCIFERRI, PRESIDENT
AND CHIEF EXECUTIVE OFFICER, OR
BARRY MOORE, EVP/CFO, OR
BYL BANK GROUP
GARY STRACHN, SENIOR VP/CFO,
(714) 685-1317
PRESS RELEASE
BYL BANCORP ANNOUNCES NEW DIRECTOR
Orange, CA. - BYL Bancorp ("BYL") (NASDAQ National Market "BOYL"), the holding
company for the BYL Bank Group, announced today its agreement to appoint Sy
Jacobs to the boards of directors of both BYL Bancorp and BYL Bank Group,
subject to receipt of regulatory consents. Robert Ucciferri, President and Chief
Executive Officer of BYL, stated "We are pleased to welcome Sy Jacobs to the
board. He brings significant experience in the financial services industry and
expertise in strategic transactions. We expect him to be a valuable member as we
continue to pursue our plan for maximizing future earnings potential and overall
value to our stockholders."
The appointment is made as part of an agreement with an investor group led by
Mr. Jacobs, general partner of JAM Partners, L.P., an investment partnership
based in New York, and including Nick Becker, David Harvey and Everest Partners,
an investment partnership based in Nevada, pursuant to which the investor group
will withdraw its request to the company to include an alternative slate of
directors at its annual meeting of stockholders scheduled for September 27,
2000.
BYL Bancorp is a California corporation headquartered in Orange, California
whose principal operating subsidiary is BYL Bank Group ("BYL"). BYL's primary
market area is Orange and Riverside Counties, California in which it operates
seven full-service banking centers and two divisional loan origination offices.
Additionally, BYL has mortgage loan origination offices in Colorado, Indiana,
Florida, Kansas, Northern California, Nevada, Utah and Washington state. BYL's
specialized loan origination divisions, Mortgage and SBA, operate under the name
of Bank of Yorba Linda, a division of BYL Bank Group. BYL specializes in
originating and selling residential real estate loans, commercial real estate
loans and SBA guaranteed loans. The shares of common stock of BYL Bancorp trade
on the NASDAQ National Market System under the symbol "BOYL".
This release may contain forward-looking statements that are subject to risks
and uncertainties that could cause actual results to differ materially from
those indicated. For a discussion of factors which could cause results to
differ, please see the Company's publicly available Securities and Exchange
Commission filings including its reports Forms on 10-K and 10-Q. Additional
information summarizing segment operations for BYL Bank Group is available upon
request. Contact Carole Biniasz, VP/Cashier at (714) 685-1395 or write to BYL
Bancorp, 1875 N. Tustin Street, Orange, California 92865.
