Bay National Corporation does not have significant operations. On July 9, 2010, Bay National Bank, the principal operating subsidiary of Bay National Corporation was closed by the Office of the Comptroller of Currency, which appointed the Federal Deposit Insurance Corporation as receiver of the bank. Previously, Bay National Bank offered commercial banking services to small and mid-sized businesses; and retail banking services to the owners of small and mid-sized businesses and their employees, business professionals, and high net worth individuals in the Baltimore Metropolitan area, Baltimore-Washington corridor, and Maryland's Eastern Shore. Bay National Corporation was incorporated in 1999 and is based in Lutherville, Maryland.