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Rule 424(b)(3)
Registration No. 333-87781
[LOGO]
BAY NATIONAL CORPORATION
Prospectus Supplement dated January 27, 2000
to
Prospectus dated November 17, 1999
Effective as of January 27, 2000, Bay National Corporation (the "Company")
exercised its right to extend its offering of common stock from 5:00 p.m.
Eastern Time on January 31, 2000, to 5:00 p.m. Eastern Time on April 30, 2000.
ACCORDINGLY, SUBSCRIPTIONS TO PURCHASE COMMON STOCK IN THE OFFERING WILL BE
RECEIVED UNTIL 5:00 P.M. EASTERN TIME ON APRIL 30, 2000, UNLESS THE COMPANY
SELLS ALL OF THE SHARES OFFERED BEFORE THAT DATE. As described in the Company's
Prospectus dated November 17, 1999, the Company reserves the right to terminate
the offering.
Effective as of January 31, 2000, Richard C. Hackney, Jr., will tender his
resignation as a director of the Company and as a proposed director of Bay
National Bank, the Company's proposed federally-chartered commercial bank. Mr.
Hackney has accepted employment at a financial institution with internal
policies that prohibit employees from serving on the board of directors of
another financial institution or financial institution holding company.
