Anne, This is possible to do if you have the tools to do it. There is no bit that will do it but it can be done. If you have a band saw, you can resaw a slice of wood from the back side of the board. Then with the scroll saw, cut out the portion of the circle that you need. Then glue the back of the board back on. I can't see any other way of doing it other than chiseling it out.