Item 5.04 Temporary Suspension of Trading under Registrant's Employee Benefit


          Plans



Bank First Corporation (the "Company") has made the decision to move the Bank First Retirement Plan (the "Plan") to a new service provider. As a result, a trading blackout period for Company common stock held in the Plan will be imposed on Plan participants at the close of trading on October 12, 2020. The blackout period is expected to last until the week of November 15, 2020, though the exact end date is unknown at this time. During the blackout, Plan participants will be prohibited from performing certain functions within the Plan, including (i) changing investment elections for future contributions; (ii) transferring funds among investment options; and (iii) requesting a Plan loan, distribution, or withdrawal. The directors, executive officers, and Section 16 officers of the Company are currently restricted from trading in the Company's securities under the Company's scheduled quarterly blackout period, which began on September 1, 2020. This blackout period will also be extended to the week of November 15, 2020. Questions about the blackout period can be addressed to Bank First Corporation, Attn: General Counsel, 402 N. 8th Street, Manitowoc, WI 54220, (920) 652-3100.

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