Exhibit 99.8
Computershare 161 Bay State Drive Braintree Massachusetts 02184 Telephone 800 279 7134 www.computershare.com MR A SAMPLE DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 ADD 5 ADD 6 ------------------------ C 1234567890 ------------------------ Primary Subscription Rights 12345678901234 - -------------------------------------------------------------------------------- BLUE VALLEY - REVISED SUBSCRIPTION RIGHTS CERTIFICATE AND REVISED ELECTION FORM - -------------------------------------------------------------------------------- DISCLAIMER PLEASE READ - The original Subscription Rights Certificate has been revised because of the information described in the enclosed Prospectus Supplement No. 2. Please read the enclosed Prospectus Supplement No. 2, along with the Prospectus, before completing and mailing this Revised Subscription Rights Certificate. UNLESS THE EXERCISE PERIOD IS EXTENDED, THIS RIGHTS OFFERING IS BEING FURTHER EXTENDED TO EXPIRE AT (I) 5:00 P.M., EASTERN TIME, ON DECEMBER 22, 2008 FOR ALL RECORD HOLDERS ("RECORD HOLDER EXPIRATION DATE") AND (II) 5:00 P.M., EASTERN TIME, ON DECEMBER 17, 2008 FOR ALL STOCKHOLDERS WHO HOLD STOCK THROUGH THE RESTRICTED STOCK AWARD PROGRAM AND/OR THROUGH THE ESPP PROGRAM (THE "EARLY EXPIRATION DATE" AND TOGETHER WITH THE "RECORD HOLDER EXPIRATION DATE" COLLECTIVELY REFERRED TO AS THE "EXPIRATION DATE"). Blue Valley Ban Corp. has distributed to each holder of its common stock owned as of record (each an "Eligible Holder") at 5:00 p.m., Eastern Standard Time on November 10, 2008 (the "Record Date"), at no charge, one non transferable right, for each share of common stock held as of the Record Date, to purchase 0.1352 of a share of common stock of Blue Valley Ban Corp. at $18.00 per full share (the "Subscription Rights"). Each Subscription Right entitles an Eligible Holder who fully exercises its basic subscription privilege to subscribe, prior to the Expiration Date, for additional shares of common stock of Blue Valley Ban Corp. at an exercise price of $18.00 per full share to the extent that any shares are not purchased by other Eligible Holders under their basic subscription privilege as of the Expiration Date or to the extent the Company decides to increase the size of the offering (the "Oversubscription Privilege"). The terms and conditions of the Subscription Rights offering are set forth in Blue Valley Ban Corp.'s Prospectus dated November 10, 2008 (as it may be amended or supplemented, the "Prospectus"), which is incorporated into this Rights Certificate by reference. Capitalized terms used but not defined herein have the meanings set forth in the Prospectus. The owner of this certificate is entitled to the number of basic Subscription Rights, and is entitled to exercise the basic Subscription Rights for the number of shares, shown on this Rights Certificate. THE SUBSCRIPTION RIGHTS ARE NON TRANSFERABLE The Subscription Rights are non transferable. The Subscription Rights will not be listed on any securities exchange or quoted on any automated quotation system. Blue Valley Ban Corp. cannot assure you that the shares of common stock of Blue Valley Ban Corp. issued in respect of exercised Subscription Rights will ever be listed on the New York Stock Exchange, the Nasdaq Global Select Market or any other securities exchange or quotation system. EXERCISE PRICE The exercise price for the Subscription Rights and the Oversubscription Privilege is $18.00 per full share. A fractional Subscription Right will not be exercisable unless it is aggregated with other fractional Subscription Rights so that when exercised, in the aggregate, such fractional Subscription Rights result in the purchase of a whole share of common stock of Blue Valley Ban Corp. In other words, fractional Subscription Rights cannot be exercised for fractional shares of common stock of the Company. Holder ID COY Class Rights Qty Issued Rights Cert. # 1234576789 XXXX Discount Rights XXX.XXXXXX 123456789 Signature of Owner and U.S. Person for Tax Certification Signature of Co-Owner (if more than one registered holder listed) Date (mm/dd/yyyy) - ------------------------------------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------------------------------------
METHOD OF EXERCISE OF RIGHTS IN ORDER TO EXERCISE YOUR SUBSCRIPTION RIGHTS, YOU MUST PROPERLY COMPLETE AND SIGN THIS RIGHTS CERTIFICATE AND RETURN IT IN THE ENVELOPE PROVIDED TO COMPUTERSHARE TRUST COMPANY, N.A., TOGETHER WITH PAYMENT IN FULL FOR AN AMOUNT EQUAL TO THE APPLICABLE EXERCISE PRICE MULTIPLIED BY THE TOTAL NUMBER OF SHARES OF COMMON STOCK THAT YOU ARE REQUESTING TO PURCHASE TO THE RIGHTS AGENT, COMPUTERSHARE TRUST COMPANY, N.A., BY THE RECORD HOLDER EXPIRATION DATE AND/OR THE EARLY EXPIRATION DATE, AS APPLICABLE. Full payment of the exercise price for each share of common stock you wish to purchase be must made in U.S. dollars by (1) certified check drawn upon a U.S. bank payable to Computershare Trust Company, N.A. or (2) cashier's check drawn upon a U.S. bank or express money order payable to Computershare Trust Company, N.A., in each case in accordance with the "Instructions for Completion Blue Valley Ban Corp. Subscription Rights Certificates" that accompanied the mailing of the Prospectus. Notwithstanding the foregoing, Eligible Holders who hold shares as a depository or nominee must make all payments by wire transfer of immediately available funds to the account maintained by Computershare Trust Company, N.A. Payments of the exercise price for the common stock will be held in an escrow account until five business days following the Expiration Date, unless Blue Valley Ban Corp. withdraws or terminates the Subscription Rights offering. No interest will be paid to you on the funds you deposit with the Rights Agent. You will not receive any interest on the payments held by the Rights Agent before your shares have been issued to you or your payment is returned to you, without interest, because your exercise has not been satisfied for any reason. SECTION 1: OFFERING INSTRUCTIONS (check the appropriate box or boxes) IF YOU HAVE PREVIOUSLY RETURNED YOUR RIGHTS CERTIFICATE AND DO NOT WISH TO MAKE ANY CHANGES: After reviewing the Prospectus and Prospectus Supplement No. 2, I have decided to confirm my earlier rights election for the same number of shares I designated in my original Subscription Certificate. - OR - IF YOU HAVE PREVIOUSLY RETURNED YOUR RIGHTS CERTIFICATE AND WISH TO MAKE ANY CHANGES: After reviewing the Prospectus and Prospectus Supplement No 2, I elect to cancel my earlier rights election, receive a refund of my earlier payment and not participate in the Rights Offering. I understand that by checking this box, I am electing not to participate in the Rights Offering, and that my choice is irrevocable. After reviewing the Prospectus and Prospectus Supplement No. 2, I have decided to replace my earlier rights election with the following: I apply for ALL of my entitlement of new shares pursuant to the basic subscription __________________ x .1352 = ________________________ x $18.00 per share = $ ______________________ (no. of subscription rights) (no. of new shares) (dollar amount of payment) Example: If you own 1,000 shares of common stock, your basic subscription right permits the purchase of 135 shares. (1,000 purchase rights/7.396 = 135.21, with fractional shares rounded down to the nearest whole number). In addition, I apply for additional shares pursuant to the Oversubscription Privilege* __________________ x .1352 = ________________________ x $18.00 per share = $ ______________________ (no. of subscription rights) (no. of new shares) (dollar amount of payment) I elect not to apply for my full entitlement of new shares, and instead I apply for: __________________ x .1352 = ________________________ x $18.00 per share = $ ______________________ (no. of subscription rights) (no. of new shares) (dollar amount of payment) IF YOU HAVE NOT PREVIOUSLY RETURNED YOUR RIGHTS CERTIFICATE BUT WISH TO PARTICIPATE: After reviewing the Prospectus and Prospectus Supplement No. 2, I elect the following: I apply for ALL of my entitlement of new shares pursuant to the basic subscription __________________ x .1352 = ________________________ x $18.00 per share = $ ______________________ (no. of subscription rights) (no. of new shares) (dollar amount of payment) In addition, I apply for additional shares pursuant to the Oversubscription Privilege* __________________ x .1352 = ________________________ x $18.00 per share = $ ______________________ (no. of subscription rights) (no. of new shares) (dollar amount of payment) I elect not to apply for my full entitlement of new shares, and instead I apply for: __________________ x .1352 = ________________________ x $18.00 per share = $ ______________________ (no. of subscription rights) (no. of new shares) (dollar amount of payment) IF YOU HAVE NOT PREVIOUSLY RETURNED YOUR RIGHTS CERTIFICATE BECAUSE YOU DO NOT WISH TO PARTICIPATE, AND CONTINUE TO WISH NOT TO PARTICIPATE, PLEASE DISREGARD THIS MAILING. *You can only participate in the oversubscription privilege if you have subscribed for your full entitlement of new shares pursuant to the basic subscription. SECTION 2: SUBSCRIPTION AUTHORIZATION I acknowledge that I have received the Prospectus and Prospectus Supplement No. 2 for this offering of Subscription Rights, and I hereby subscribe for the number of shares indicated above on the terms and conditions specified in the Prospectus relating to the basic subscription and the Oversubscription Privilege in the Rights Offering. Signature of Subscriber(s) Address, if different from that listed on this Subscription Certificate: - ------------------------ -------------------------------------------------- - ------------------------ -------------------------------------------------- Telephone number (including area code): Please complete all applicable information and return to: COMPUTERSHARE TRUST COMPANY, N.A. By First Class Mail: By Hand, Express Mail or Overnight Delivery: Computershare Trust Company, N.A. Computershare Trust Company, N.A. Corporate Actions Voluntary Offer, Corporate Actions Voluntary Offer P.O. Box 43011, Providence, RI 02940-3011 250 Royall Street, Suite V, Canton, MA 02021