Bank First Corp: management transactions · United States · SEC (Form 4)

About Bank First Corp

Bank First Corp. (BFC) is a U.S.-listed bank holding company traded on NASDAQ, positioned as a relationship-driven regional community bank rather than a large national money center institution. Its operating business is conducted primarily through Bank First, N.A., a franchise whose roots date back to 1894, when the predecessor institution was founded as the Bank of Manitowoc. The company is headquartered in Manitowoc, Wisconsin, and its identity remains closely tied to that long-standing Midwest community-banking heritage. ([ir.bankfirst.com](https://ir.bankfirst.com/overview/default.aspx)) Bank First’s core business mix is straightforward and typical of a high-quality community bank: loans, deposits, treasury management, and wealth management services. That product set gives the bank exposure to both balance-sheet income and fee-based relationships, serving households, small businesses, and commercial customers across its footprint. The company also offers insurance services through its bond with Ansay & Associates, LLC, and it provides trust, investment advisory, and related financial services through regional partnerships. From an analyst’s perspective, this is a diversified local-bank model designed to deepen customer relationships and generate recurring revenue streams beyond basic spread income. ([ir.bankfirst.com](https://ir.bankfirst.com/overview/default.aspx)) The competitive strategy has been built around disciplined acquisitions and de novo branch expansion. Bank First has historically used M&A to expand its reach while preserving a community-banking orientation. The most important recent development is the merger with First National Bank & Trust (FNBT), effective January 1, 2026. Following that transaction, Bank First operates 38 banking locations across Wisconsin and the Stateline area of Illinois; the 11 FNBT offices temporarily operate as a division of Bank First until systems conversion in May 2026. This supports a broader but still highly regional franchise, with scale benefits coming from integration rather than national expansion. ([ir.bankfirst.com](https://ir.bankfirst.com/overview/default.aspx)) Recent company developments underline both growth and community visibility. In its 2024 year-end materials, Bank First reported assets of approximately $4.5 billion and about 357 full-time equivalent employees; the 2026 corporate profile, after the FNBT merger, describes assets of approximately $6 billion and roughly 546 full-time equivalent staff. That indicates a materially larger platform, though investors should treat the post-merger footprint as a transitional period until the conversion is completed. On the community side, Bank First announced a $500,000 donation in March 2025 to support Livasu Village, a dementia-care community in Sheboygan County, highlighting the bank’s local ESG posture and civic engagement. The company’s SEC filing activity in 2026 also includes Form 4 insider transaction reporting, which is relevant for investors monitoring governance and insider sentiment in a listed regional bank. ([ir.bankfirst.com](https://ir.bankfirst.com/files/doc_news/2025/BFC-12-31-2024-earnings-press-release.pdf))