Bank First announces plans for a new office in the Fox Valley
Jan 10, 2014
OTC Disclosure News Service
– Bank First, the bank subsidiary of First Manitowoc Bancorp, Inc. (OTCQB: BFNC), announces its plans for a new office near Appleton. ?Bank First?s strong and stable performance has provided us the resources to construct a new office in the Appleton area,? stated Mike Molepske, President and CEO. Third-quarter financial results show the bank has yielded 11% loan growth and 12% core deposit growth on a year-over-year basis, and has recorded net income of $8.7 million for the first nine months of this year.
Pending municipal and regulatory approvals, the bank will construct a new office at 4201 W. Wisconsin Avenue in the Town of Grand Chute near the Fox River Mall. Developer Bob Gregorski purchased the prime one-acre property of the former Paradise Club in late 2013. The bank will lease the property and has plans to open its doors in late 2014. ?Our strategic vision to grow our footprint into adjacent markets aligns perfectly with this new location,? stated Molepske. ?It bridges the gap between our Green Bay and Oshkosh offices and allows our relationship managers the opportunity to build further relationships in the Fox Valley area.?
?This new office will position us well to continue serving and growing our existing Fox Valley customer base. Working together with our recent hire Bill Bradley, Vice President, we are expanding the team who will continue to focus on personalized service and solutions to individuals and family-owned, closely-held businesses,? stated Joan Woldt, Regional President.
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New Bank First office.pdf
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