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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 22, 1998
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BAY VIEW CAPITAL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-17901 94-3078031
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) No.)
1840 Gateway Drive, San Mateo, California 94404
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (650) 573-7300
N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On June 22, 1998, Bay View Capital Corporation (the
"Company") issued the press release attached hereto as
Exhibit 99 and incorporated herein by reference,
announcing that its previously announced planned
acquisition of PSB Lending Corp. ("PSB Lending") has
been placed on hold, pending receipt and review of
expected new guidelines from the federal banking
regulatory agencies. The definitive agreement for
the Company's planned acquisition of PSB Lending was
described in and attached to the Company's Current
Report on Form 8-K filed with the Securities and
Exchange Commission on June 15, 1998.
Item 7. Financial Statements and Exhibits
c) Exhibits
99 Press Release dated June 22, 1998
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
BAY VIEW CAPITAL CORPORATION
Date: June 24, 1998 By: /s/David A. Heaberlin
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David A. Heaberlin
Executive Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Number Description
99 Press Release dated June 22, 1998
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NASDAQ SYMBOL: BVCC
Web Site: http://www.bayviewcapital.com
Contact: David A. Heaberlin
(650) 312-7272
FOR IMMEDIATE RELEASE
June 22, 1998
BAY VIEW CAPITAL CORPORATION ANNOUNCES
TRANSACTION ON HOLD
San Mateo, California - Bay View Capital Corporation ("BVCC")
announced today that it has learned that the federal banking
regulatory agencies are considering new guidelines that may limit
the amount of high loan to value ("HLTV") home equity loans that
an insured financial institution may own. Consequently, the
previously announced agreement by BVCC to acquire PSB Lending
Corp. of Carlsbad, California ("PSBL"), a HLTV home equity
lender, has been placed on hold by the parties pending receipt
and review of the expected guidelines.
