Baylake Bank Announces Intent to Acquire Branch, Deposits from Community Bank & Trust

Baylake Bank Announces Intent to Acquire Branch, Deposits from Community Bank
                                   & Trust

Acquisition Would Expand Baylake's Presence in Appleton, Outagamie County, WI

PR Newswire

STURGEON BAY and SHEBOYGAN, Wis., Nov. 11, 2013

STURGEON BAY and SHEBOYGAN, Wis., Nov. 11, 2013 /PRNewswire/ --Baylake Bank,
a wholly owned subsidiary of Baylake Corp., today announced a branch purchase
and sale agreement whereby Baylake Bank will purchase a branch facility and
other fixed assets along with approximately $14 million of deposits from
Community Bank & Trust's Appleton office located in Outagamie County, WI.
Under the agreement, all loans with the exception of certain Personal Reserve
Accounts will be retained by Community Bank & Trust.

Baylake Bank is headquartered in Sturgeon Bay, Wisconsin and currently
operates 20 banking offices located in four Wisconsin counties. The bank is
one of the ten largest publicly traded banks in the state of Wisconsin. The
office being acquired in Appleton, Wisconsin will be Baylake Bank's second
office located in Outagamie County. Appleton is the largest city in a
metropolitan statistical area with more than 365,000 residents and a diverse
and growing economy. Community Bank & Trust, a wholly owned subsidiary of
Community Banc-Corp. of Sheboygan, Inc. has $530 million in total assets, and
currently serves individuals and businesses from 11 community financial
centers throughout Sheboygan, Calumet, Outagamie, and Milwaukee counties.

Robert J. Cera, Baylake Corp.'s President and CEO, commented: "Our expansion
into Appleton within the heart of the Fox Valley region supports Baylake's
strategy to build our presence in key metropolitan markets for us. We look
forward to continuing the fine service and capabilities Community Bank & Trust
has established in this market. This transaction offers the opportunity to
integrate the branch with our operational capabilities and to expand this
location's particularly strong business banking and wealth management
opportunities."

Tony Jovanovich, Chairman and CEO of Community Bank & Trust, noted: "Due to
the fact that Baylake Bank's core values and reputation are very similar to
ours, we are confident that the branch sale is a good fit for our customers.
We are pleased to have found a bank partner which will continue to offer
clients a high level of customer service guided by a commitment to the
community and superior financial advice and guidance."

Baylake Corp., headquartered in Sturgeon Bay, Wisconsin, is the bank holding
company for Baylake Bank. Through Baylake Bank, Baylake Corp. provides a
variety of banking and financial services from 20 financial centers located
throughout Northeast Wisconsin, in Brown, Door, Kewaunee and Outagamie
Counties. The Company also maintains a 49.8% equity ownership stake in United
Financial Services (UFS), a data processing services provider, headquartered
in Grafton, Wisconsin.

The following appears in accordance with the Private Securities Litigation
Reform Act of 1995:

This news release contains forward-looking statements about the financial
condition, results of operations and business of Baylake Corp. Forward-looking
statements can be identified by the fact that they do not relate strictly to
historical or current facts. They often include the words "believe," "expect,"
"anticipate," "intend," "plan," "estimate" or words of similar meaning, or
future or conditional verbs such as "would," "should," "could" or "may."

Forward-looking statements, by their nature, are subject to risks and
uncertainties. A number of factors, many of which are beyond the control of
Baylake Corp., could cause actual conditions, events or results to differ
significantly from those indicated by the forward-looking statements. These
factors, which are described in this press release and in the annual and
quarterly reports filed by Baylake Corp. with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the year ended
December 31, 2012 under "Item 1A. Risk Factors," include certain credit,
market, operational, liquidity and interest rate risks associated with the
company's business and operations. Other factors include changes in general
business and economic conditions, developments (including collection efforts)
relating to the identified non-performing loans and other problem loans and
assets, world events (especially those which could affect our customers'
tourism-related businesses), competition, fiscal and monetary policies and
legislation.

Forward-looking statements speak only as of the date they are made, and
Baylake Corp. does not undertake to update forward-looking statements to
reflect circumstances or events that occur after the date the forward-looking
statements are made.

SOURCE Baylake Corp.

Website: http://www.baylake.com
Contact: Robert J. Cera, President & CEO, Baylake Bank, 920.743.5551 x 1018
 
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