Bank First Corporation (NASDAQ: BFC) operates as the bank holding company for Bank First, N.A., a nationally chartered community bank originally founded in 1894. Headquartered in Manitowoc, Wisconsin, the company provides comprehensive financial services to businesses, professionals, and individual consumers. Its core revenue is generated through net interest income from its lending activities, which include commercial and industrial loans, commercial real estate lending, residential mortgages, and consumer loans. These are funded primarily through a variety of deposit products such as checking, savings, and money market accounts. In addition to traditional banking, Bank First generates non-interest income by offering treasury management, credit cards, wealth management, and trust services.
The bank operates a network of branches concentrated in central and northeastern Wisconsin, and recently expanded into northern Illinois through its January 2026 acquisition of Centre 1 Bancorp, Inc. (parent of The First National Bank and Trust Company). This strategic expansion significantly increased its asset base to over $6 billion. Bank First differentiates itself through a relationship-based community banking model, leveraging digital banking technologies alongside personalized service to compete with larger national and regional financial institutions in its core Midwestern markets.
