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Baylake Corp. Declares Dividend

STURGEON BAY, Wis., May 16, 2007 -- Baylake Corp. (OTC Bulletin Board: BYLK) announced that its Board of Directors on April 17, 2007 declared a quarterly dividend of $0.16 per share on the Company's common stock. This is the 111th consecutive quarterly dividend paid by Baylake Corp. The dividend is payable on June 15, 2007 to shareholders of record on June 1, 2007.

Baylake Corp., the holding company for Baylake Bank, serves Northeast and Central Wisconsin from 28 community financial centers throughout Brown, Door, Green Lake, Kewaunee, Manitowoc, Outagamie, Waupaca and Waushara Counties.


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