baynational8k.htm
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): October 24, 2007
Bay
National Corporation
(Exact
Name of Registrant as Specified in its Charter)
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Maryland
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000-51765
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52-2176710
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(State
of Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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2328
West Joppa Road
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Lutherville,
Maryland
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21093
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
Telephone Number, Including Area Code: 410-494-2580
N/A
(Former
name or former address, if changed since last report)
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 (see General Instruction A.2. below):
[ ]
Written communication 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
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Section
2 – Financial Information
Item
2.02 Results of Operations and Financial Condition.
On
October 24, 2007, Bay National Corporation issued a press release announcing
its
earnings for the quarter ended September 30, 2007.
Among
other figures, the press release reports that core deposits rose to $187.9
million at September 30, 2007. Core deposits, which management
categorizes as all deposits other than national market certificates of deposit,
deposits purchased through the certificate of deposit account
registry
service (CDARS) program and all but $3.0 million in deposits from two
accounts with highly variable balances, are closely monitored by management
because they consider them not only a relatively stable source of funding
but
also reflective of the growth of commercial and consumer depository
relationships.
The
press
release is furnished as Exhibit 99.1 hereto.
Section
9 – Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
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 hereunto
duly authorized.
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BAY
NATIONAL CORPORATION
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Date:
October 24, 2007
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By: /s/
Hugh W. Mohler
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Hugh
W. Mohler, President
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