FOR IMMEDIATE RELEASE                          FOR FURTHER INFORMATION
                                               PLEASE CONTACT:

May 29, 1998                                   ROBERT UCCIFERRI, PRESIDENT
                                               AND CHIEF EXECUTIVE OFFICER, OR
                                               BARRY MOORE, EXECUTIVE VP
                                               AND CHIEF FINANCIAL OFFICER
                                               (714) 996-1800

                                 PRESS RELEASE

                           BYL BANCORP ANNOUNCES THE
              COMPLETION OF THE ACQUISITION OF THE DNB FINANCIAL AND
             CHANGE IN NAME OF OPERATING SUBSIDIARY TO BYL BANK GROUP

Yorba Linda, CA. - BYL Bancorp ("BYL") (NASDAQ NMS: BOYL), parent company of 
the Bank of Yorba Linda and DNB Financial ("DNB"), the parent company of De 
Anza National Bank, announced today the completion of the acquisition of DNB 
by BYL. Under the terms of the acquisition, DNB will be merged with and into 
BYL, and De Anza National Bank will be merged with the Bank of Yorba Linda. 
The transaction will be accounted for as a pooling of interests through a 
tax-free exchange of BYL shares of common stock for all outstanding shares of 
DNB common stock.

Under the final terms of the merger, each share of DNB common stock will be 
exchanged for 4.1162 shares of BYL common stock resulting in the issuance of 
approximately 956,699 shares of BYL common stock to the shareholders of DNB. 
Based upon the BYL closing price on May 28, 1998 of $22.00 per share, the 
transaction has an aggregate value of $21,047,390.

Additionally, effective June 3, 1998, the name of the Bank of Yorba Linda 
will be changed to BYL Bank Group and both the Mortgage and SBA Divisions of 
the Bank will operate under the name of the Bank of Yorba Linda, a division 
of BYL Bank Group.

Robert Ucciferri, President and Chief Executive Officer of BYL, stated "The 
combination with DNB significantly enhances and expands our Bank's franchise 
from its existing Orange County base into the contiguous Riverside County 
market. With the former De Anza organization, we are now a $270 million total 
asset bank with $23,137,000 in equity capital, 8 full-service banking 
centers, two divisional loan origination offices and mortgage loan 
origination offices in the states of Utah and Washington. With the issuance 
of new BYL shares in the acquisition, we will have over 2.5 million shares 
outstanding resulting in a total market capitalization of more than $55 
million. This represents a dramatic change from less than two years ago when 
we were a two branch, $55 million total asset bank whose 346,000 shares of 
infrequently-traded stock represented a total market capitalization of only 
about $2 million. Today, we are a highly-profitable, well capitalized 
institution with a liquid stock and a substantial total market 
capitalization. Additionally, we have a significant community banking 
franchise in attractive, growing markets well positioned to take advantage of 
the expanding Southern California economy."

Neil Hatcher, the former President and Chief Executive Officer of DNB, stated 
"We are pleased to have become a part of the very successful BYL 
organization. Our shareholders are looking forward


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PRESS RELEASE - May 29, 1998
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to being BYL shareholders and participating in the outstanding success which 
BYL has posted for its shareholders. Additionally, the BYL Bank Group's 
community orientation brings to our retail customers the top quality service 
and products they expect and deserve."

BYL Bancorp is a California corporation headquartered in Yorba Linda, 
California whose principal operating subsidiary is the BYL Bank Group. The 
Bank Group's primary market area is Orange and Riverside Counties, California 
in which it operates eight full-service banking centers and two divisional 
loan origination offices. Additionally, the Bank Group has mortgage loan 
origination offices in Utah and Washington state. The Bank Group specializes 
in originating and selling nonconforming and conforming residential real 
estate loans and Small Business Administration ("SBA") guaranteed loans. The 
shares of common stock of BYL Bancorp trade on the NASDAQ National Market 
System under the symbol "BOYL".






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