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 Wednesday, August 3, 2005

     BLUE VALLEY BAN CORP COMPLETES PLACEMENT OF TRUST PREFERRED SECURITIES

Overland Park, Kansas, August 3, 2005 - Blue Valley Ban Corp (OTCBB: BVBC) ("the
Company") today announced the completion of the private placement of $11.5
million in trust preferred securities by a newly formed and wholly-owned trust
subsidiary, BVBC Capital Trust III. The proceeds of the Debt Securities will be
used on September 30, 2005 to redeem, in whole, the Company's Junior
Subordinated Debentures issued by BVBC Capital Trust I in July 2000.

The $11.5 million in trust preferred securities bears interest at a variable
rate which will reset quarterly at the three-month LIBOR rate plus 1.60%, and
interest is paid quarterly. The trust preferred securities mature on September
30, 2035, but are redeemable by the Company at par commencing on September 30,
2010.

ABOUT BLUE VALLEY BAN CORP

Blue Valley Ban Corp is a bank holding company that, through its subsidiaries,
provides banking services to business, their owners, professionals and
individuals in Johnson County, Kansas. In addition, the Company originates
residential mortgages nationwide through its InternetMortgage.com website.

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; a deterioration in the demand for mortgage financing;
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; potential
unfavorable results of litigation, 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.