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 16, 2005

                        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

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[  ]   Written communications pursuant to Rule 425 under the Securities Act
       (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
       (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
       Exchange Act (12 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
       Exchange Act (12 CFR 240.13e-4(c))



ITEMS 2.02 AND 7.01 REGULATION FD DISCLOSURE AND RESULTS OF OPERATION AND
         FINANCIAL CONDITION

         The Registrant's press release dated December 16, 2005, 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.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

         (c) EXHIBITS

             99.1 Press Release Dated December 16, 2005.

                                   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 16, 2005                    By: /s/ Mark A. Fortino
                                               --------------------------------
                                               Mark A. Fortino,
                                               Chief Financial Officer

EX-99.1

                                                                    EXHIBIT 99.1


                                                         NEWS RELEASE

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

For Immediate Release Friday, December 16, 2005

             BLUE VALLEY BAN CORP ANNOUNCES $0.25 PER SHARE DIVIDEND

Overland Park, Kansas, December 16, 2005 -- Blue Valley Ban Corp (OTCBB: BVBC)
("the Company") announced today that its Board of Directors has authorized a
cash dividend of $0.25 per share on its common stock. The dividend will be paid
on January 31, 2006, to holders of record as of December 30, 2005.

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; 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.