8-K

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    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): December 15, 2003

                        COMMISSION FILE NUMBER: 001-15933

                              BLUE VALLEY BAN CORP
             (Exact name of registrant as specified in its charter)

               KANSAS                               48-1070996
(State or other jurisdiction of                  (I.R.S. Employer
 incorporation or organization)                 Identification No.)


            11935 RILEY                             66225-6128
       OVERLAND PARK, KANSAS
  (Address of principal executive offices)          (Zip Code)


       Registrant's telephone number, including area code: (913) 338-1000




ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

     (c) EXHIBITS

         99.1 Press Release Dated December 15, 2003.

ITEMS 9 AND 12. REGULATION FD DISCLOSURE AND RESULTS OF OPERATION AND FINANCIAL
  CONDITION.

         The Registrant's press release dated December 15, 2003, announcing the
         decision by its Board of Directors to declare a dividend on its common
         stock is attached hereto as Exhibit 99.1, and is incorporated herein by
         reference.



                                   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 thereunto duly authorized.


                                                BLUE VALLEY BAN CORP


Date: December 15, 2003                         By: /s/ Mark A. Fortino
                                                    ----------------------------
                                                Mark A. Fortino, Treasurer

EX-99.1

                                                                    EXHIBIT 99.1


BLUE VALLEY BAN CORP                                    NEWS RELEASE
11935 Riley
Overland Park, Kansas  66225-6128            CONTACT:   Mark A. Fortino
                                                        Treasurer
                                                        (913) 338-1000

For Immediate Release Monday, December 15, 2003

             BLUE VALLEY BAN CORP ANNOUNCES $0.15 PER SHARE DIVIDEND

Overland Park, Kansas, December 15, 2003 - Blue Valley Ban Corp (OTCBB: BVBC)
("the Company") announced today that its Board of Directors has authorized a
cash dividend of $0.15 per share on its common stock. The dividend will be paid
in the first quarter of 2004 to holders of record as of December 31, 2003.

Blue Valley Ban Corp is a bank holding company that through its subsidiary, Bank
of Blue Valley, provides banking services to closely-held business, their
owners, professionals and individuals in Johnson County, Kansas.

This release contains forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended. The Company intends such
forward-looking statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995, and is including this statement for purposes of those safe harbor
provisions. Forward-looking statements, which are based on certain assumptions
and describe future plans, strategies and expectations of the Company, can
generally be identified by use of the words "believe," "expect," "intend,"
"anticipate," "estimate," "project," or similar expressions. The Company is
unable to predict the actual results of its future plans or strategies with
certainty. Factors which could have a material adverse effect on the operations
and future prospects of the Company include, but are not limited to,
fluctuations in market rates of interest and loan and deposit pricing; a
deterioration of general economic conditions or the demand for housing in the
Company's market areas; legislative or regulatory changes; adverse developments
in the Company's loan or investment portfolio; any inability to obtain funding
on favorable terms; the loss of key personnel; significant increases in
competition; and the possible dilutive effect of potential acquisitions or
expansions. These risks and uncertainties should be considered in evaluating
forward-looking statements and undue reliance should not be placed on such
statements.