UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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                                    FORM 8-K
                                 CURRENT REPORT

                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

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                        Date of Report: November 2, 2004

                                  BAYLAKE CORP.
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             (Exact name of registrant as specified in its charter)


         Wisconsin                      001-16339          39-1268055
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(State or other jurisdiction           (Commission         (I.R.S. Employer
of incorporation)                      File Number)        Identification No.)


217 North Fourth Avenue, Sturgeon Bay, Wisconsin      54235
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(Address of principal executive offices)              (Zip Code)

               Registrant's telephone number, including area code:
                                 (920) 743-5551
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         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 communications 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))

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Item 2.02. Results of Operations and Financial Condition.

On November 2, 2004, Baylake Corp. announced its results for the third quarter
of fiscal 2004, ended September 30, 2004, and for the three and nine months then
ended September 30, 2004. A copy of Baylake Corp.'s related press release is
furnished to the Commission by attaching it as Exhibit 99.1 to this report.

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                                   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.



Date:  November 3, 2004               BAYLAKE CORP.
                                      (Registrant)


                                      By: /s/ Steven Jennerjohn
                                          -------------------------------------
                                          Steven Jennerjohn
                                          Chief Financial Officer

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