#United States #First National Bank #Manitowoc #Bank First #Centre 1 Bancorp

Bank First Corporation Secures Approval to Acquire Centre 1 Bancorp

In a significant step towards expanding its operations, Bank First Corporation (Nasdaq: BFC) has announced that all regulatory approvals have been secured for its planned acquisition of Centre 1 Bancorp, Inc., the parent company of The First National Bank and Trust. This merger marks a pivotal moment for both institutions, reinforcing their shared commitment to community-focused banking and long-term growth.

A New Chapter Begins

The announcement, made on October 16, 2025, indicates that the merger is set to close on January 1, 2026, pending customary closing conditions and approval from Centre's shareholders. Mike Molepske, the Chairman and CEO of Bank First, expressed enthusiasm, stating that this approval initiates the transition into a unified entity that values relationship banking and enhances customer services.

Enhancing Customer Experience

The merger will allow First National Bank and Trust to operate as a division of Bank First until a system conversion is accomplished, anticipated in the second quarter of 2026. After this adjustment period, all branches associated with First National Bank and Trust will transition to using the Bank First branding, ensuring a streamlined experience for their customers. Customers can expect an updated digital banking platform and improved resources as a result of this transition.

Bank First Corporation, with its headquarters in Manitowoc, Wisconsin, boasts assets of approximately $4.4 billion, providing a diverse suite of financial services that includes commercial, mortgage, and consumer lending, along with various deposit accounts. Founded in 1894, Bank First has firmly established itself as a key player in central and northeastern Wisconsin, committed to supporting the communities it serves.

Alongside Bank First, Centre 1 Bancorp, Inc. has a rich historical presence as well. Established in 1882, First National Bank and Trust has built a trusted reputation in southern Wisconsin and northern Illinois, offering comprehensive banking, investment, and asset management services while focusing on exceptional customer care. The merger is expected to fortify both organizations' roles in their respective communities, leveraging their aligned values and strengths.

Looking Forward

As the merger nears its execution date, both institutions are preparing for an operational integration that prioritizes customer relations and enhanced financial services. By combining their strengths, Bank First and Centre 1 Bancorp aim to foster a robust, community-centric financial institution equipped to tackle future challenges while continuously serving their customers effectively.

In conclusion, Bank First Corporation's approval to acquire Centre 1 Bancorp paves the way for a more expansive and enriched banking experience. The commitment to relationship-focused banking remains at the forefront as they work towards a seamless merger, promising to be a significant development in the financial landscape of the regions they serve.