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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Bank First Corporation    BFC

BANK FIRST CORPORATION

(BFC)
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Bank First : announces closure of Weyauwega branch January 2021

10/29/2020 | 10:00am EST

N E W S R E L E A S E

P.O. Box 10, Manitowoc, WI 54221-0010

For further information, contact: Rachel Oakes, Marketing Communications Manager Phone: (608) 372-2265roakes@bankfirstwi.bank

FOR IMMEDIATE RELEASE

Bank First announces closure of Weyauwega branch January 2021

MANITOWOC, Wis, October 29, 2020 - Mike Molepske, Chief Executive Officer of Bank First (NASDAQ: BFC), announced it will be closing its Weyauwega branch located at 101 East Main Street, Weyauwega, WI 54983 on Friday, January 29, 2021. The decision to close the Weyauwega branch followed a careful review of bank operations and branch network, factoring in the close proximity of the bank's newly remodeled Waupaca location as well as the increased use of online and mobile banking services among its customer base. Accounts currently maintained in Weyauwega will be transferred to the bank's Waupaca office located at 111 Jefferson Street, Waupaca, WI 54981.

"This year has presented unique challenges and opportunities due to COVID-19," stated Molepske. "While it is not the reason we are closing our Weyauwega branch, it has created a broader awareness of how our customers utilize the digital banking tools we have available. We remain dedicated to our customers and the relationships we have built in the Weyauwega community and look forward to continuing to serve them from our nearby Waupaca location."

The bank values its team members and is pleased to announce the Weyauwega employees will be reassigned to other Bank First branches.

Weyauwega customers have been notified of the upcoming transition and can expect additional communication as the closure of the office draws near. Bank First remains committed to its customers and the communities it serves, continuing to look for ways to strengthen its relationships while adding value to the banking experience.

For more information about Bank First, visit www.BankFirstWI.bank.

# # #

Bank First Corporation provides financial services through its subsidiary, Bank First, which was incorporated in 1894. The Bank is an independent community bank with 24 banking locations in Wisconsin. The Bank has grown through both acquisitions and de novo branch expansion. The Bank offers loan, deposit and treasury management products at each of its banking offices. Insurance services are available through our bond with Ansay & Associates, LLC. Trust, investment advisory and other financial services are offered through the Bank's partnership with Legacy Private Trust, an alliance with Morgan Stanley and an affiliation with McKenzie Financial Services, LLC. The Bank is a co-owner of a data processing subsidiary, UFS, LLC, which provides data and technology services to banks in the Midwest. The Company employs approximately 311 full-time equivalent staff and has assets of approximately $2.6 billion. Further information about Bank First Corporation is available by clicking on the Investor Relations tab at www.BankFirstWI.bank.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Bank First Corporation published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 14:59:04 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 103 M - -
Net income 2020 36,7 M - -
Net Debt 2020 - - -
P/E ratio 2020 14,0x
Yield 2020 1,19%
Capitalization 528 M 528 M -
Capi. / Sales 2020 5,15x
Capi. / Sales 2021 5,21x
Nbr of Employees 284
Free-Float 80,1%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Average target price 67,00 $
Last Close Price 68,25 $
Spread / Highest target 2,56%
Spread / Average Target -1,83%
Spread / Lowest Target -6,23%
EPS Revisions
Managers
NameTitle
Michael B. Molepske President, Chief Executive Officer & Director
Michael G. Ansay Chairman
Kevin M. LeMahieu Chief Financial & Accounting Officer
Donald R. Brisch Independent Director
Katherine M. Reynolds Independent Director
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