EXHIBIT 99.3


    MAY 8, 1997


         AMERICA FIRST EUREKA HOLDINGS AND BAY VIEW CAPITAL CORPORATION
                        SIGN DEFINITIVE MERGER AGREEMENT


    (San Francisco, CA) The general partner of America First Financial Fund
    1987-A Limited Partnership (NASDAQ: AFFFZ) announced today that it has
    entered into a definitive agreement with Bay View Capital Corporation
    (NASDAQ: BVCC) with respect to a merger of its subsidiary America First
    Eureka Holdings with Bay View.

    Under the terms of the agreement, the partnership will receive $90
    million in cash and $210 million in Bay View common stock (subject to a
    minimum of 4,038,461 shares and a maximum of 5,000,000 shares) for all
    of its interest in America First Eureka Holdings, which owns
    EurekaBank, FSB. If the market price of Bay View common stock (based on
    the average closing prices over a specified period) is less than $42.00
    per share, America First Eureka has the right to terminate the
    agreement unless the total value of the shares of Bay View common stock
    it will receive is $210 million in addition to the cash portion of $90
    million. The closing is expected to take place either December 31, 1997
    or January 1, 1998 and is subject to customary conditions, including
    approval by the AFFFZ unitholders.

    The general partner of AFFFZ intends to wind up the affairs of AFFFZ
    upon completion of the merger in accordance with the terms of the AFFFZ
    limited partnership agreement, including the discharge of all of the
    liabilities of AFFFZ and the distribution of the remaining assets of
    AFFFZ to its partners as appropriate. While no definite estimate of the
    per-unit liquidating distribution can be made now, management expects
    that approximately $250 million of the $300 million in cash and stock
    to be received in the merger will be paid to unitholders, or
    approximately $41.50 per unit, after satisfaction of all other
    liabilities of the partnership required to be satisfied in connection
    with its liquidation. The general partner will receive approximately
    $36 million in connection with the merger and dissolution in profit
    participation interest. The FDIC will receive approximately $12.8
    million in cash, representing its participation in the sales proceeds,
    in addition to payments of $50 million that it has or will receive with
    respect to the preferred stock it holds in EurekaBank. The transaction
    is structured to be tax-free to the unitholders with respect to the
    shares of Bay View common stock to be received in exchange for the
    AFFFZ units.





    "This transaction represents a completion of a commitment which I made
    to our nearly 11,000 investors nine years ago when we bought EurekaBank
    in May, 1988," said Stephen T. McLin, Chairman of the Board of
    EurekaBank and President and Chief Executive officer of America First
    Eureka Holdings. "We started with $100 million in proceeds from our
    initial offering, we will have paid a total of $98 million in dividends
    to our unitholders, and the unitholders will receive in excess of $250
    million in proceeds from this transaction, for a total return of nearly
    $350 million. The FDIC will have received $50 million in payment for
    the preferred stock it holds and an additional $12.8 million in
    participation payments. It is a tribute to the management team and
    employees of EurekaBank that these spectacular results have been
    accomplished."

    EurekaBank was acquired from the FSLIC in May, 1988. Since that time,
    the institution has been fully revitalized and become known for its
    asset quality, operating excellence, and strong earnings performance.
    "The job done by the people at EurekaBank over the past nine years has
    been nothing short of exceptional," said Byron A. Scordelis, President
    and Chief Executive Officer of EurekaBank. "Our results have been
    outstanding by every measure, and we are pleased that they have been
    translated into excellent performance for our investors. We now look
    forward with enthusiasm to working with the Bay View team as we bring
    our two banks together."

    America First Eureka Holdings is headquartered in San Francisco,
    California. Its wholly owned subsidiary, EurekaBank, is a $2.2 billion
    asset federal savings bank located in Foster City, California with 36
    branches in the greater San Francisco Bay Area.