Bank First is a community bank headquartered in Manitowoc, Wisconsin, with 38 branches across Wisconsin and one county in Illinois. The bank serves individuals, small-to-medium-sized businesses, and professional firms with a full suite of retail and commercial banking products. Total loans of $3.60B represent roughly 80% of the bank's $4.51B in total assets. The loan book is concentrated in commercial real estate (~49% of loans), residential mortgages and home equity (~25%), and commercial and industrial lending (~18%), with the remainder in construction and consumer loans. Bank First earns net interest income on the spread between deposit costs and lending rates, with fee income from mortgage banking activity and deposit services as secondary revenue contributors. Bank First also holds a 40% minority stake in Ansay & Associates, an independent insurance agency, which generates modest noninterest income from insurance referrals. The bank's growth strategy combines organic relationship-deepening with acquisitions of community banks within its Wisconsin/Illinois footprint — the acquisition of Centre 1 Bancorp closed January 1, 2026, as the latest example of this roll-up approach. Bank First targets full-service relationships with small and mid-market businesses and professionals rather than single-product transactions, and argues its competitive advantage lies in local decision-making and community relationships.