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| Additional information |
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| Bank First National |
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Mission statement:
The Bank will provide innovative, high quality services to meet the financial needs of all individuals and businesses within the market we serve because this area is our primary source of funding.
The Bank is committed to safeguarding customer funds to its utmost ability because these funds represent the confidence and faith of our customers.
The Bank will employ, retain and empower a quality staff dedicated to the performance of its duties in a professional, ethical and moral fashion. The Bank will maintain a culture that promotes excellence in performance and service because this culture will best assure the Bank's success.
The Bank will provide shareholders a competitive rate of return on their investment because the Bank relies on the private capital of its shareholders. |
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History:
Bank First National was founded in 1894 with a capitalization of $50,000. At that time, the bank was known as the Bank of Manitowoc and was located at the southwest corner of York and Eighth Streets. In 1927, the bank moved into the Manitowoc Hotel Building. The bank grew steadily throughout the years and had reached $13 million in assets by 1962. In 1974, Bank First National moved to its present facility at 402 North Eighth Street. Today, Bank First National has a total of twelve office locations.
The Francis Creek office was opened in 1972 when the bank acquired the State Bank of Francis Creek. In 1985, a branch was opened in St. Nazianz when the St. Nazianz State Bank merged with Bank First National. That same year, the bank topped $100 million in assets. Due to strong demand for Bank First National's services in Two Rivers, a branch office was opened in Two Rivers in the fall of 1989. A Bank First National branch in Mishicot was opened in 1991. A second office in Manitowoc was opened on Custer Street in 1992.
In 1994, Bank First National brought community banking back to the communities of Kiel, Newton, and Bellevue.
Our tenth office opened July 1999, in New Holstein. The bank grew to twelve offices in December of 1999, when Bank First National acquired the Dairy State Bank and its two locations in Plymouth. Bank First National opened its second northern market location in Ashwaubenon in March of 2000. On January 1, 2001, Bank First National expanded its services to include insurance products by purchasing Vincent Group, Insurance and Financial Solutions, with office locations in Manitowoc and Green Bay. In April of 2005, Insurance Management joined Vincent Group servicing the Little Chute area. In January of 2008, Insurance Associates of Green Bay, Inc. was acquired by the Bank, adding additional insurance offices in Green Bay and Wausau.
May 2004 saw a new bank office location open on Expo Drive in Manitowoc, attached to the offices of the Vincent Group. In April of 2006 Bank First National acquired George V. Reis Investment Group, Inc., located in Two Rivers.
The bank opened its newest location on Kohler Memorial Drive in Sheboygan in February of 2008.
In late 2009, the bank reviewed its geographical footprint and discovered overlapping market coverage. Therefore, the decision was made to close the Newton, New Holstein, and downtown Plymouth offices and transition customer accounts to nearby locations.
Today, Bank First National remains one of the few independent community banks left in the area. The bank has experienced steady growth for the past several years. Assets as of November 30, 2009, exceeded $796 million. Total employment at Bank First National is about 243 individuals.
As we grow, we continually re-invest in the communities we serve. We are your independent, locally-owned, community bank here to serve all your financial needs. |
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