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.