Manitowoc, Wis.-based Bank First Corp., will consolidate six branches by next February as part of its recent acquisition of Fond du Lac, Wis.-based Hometown Bancorp, Ltd.
The eastern Wisconsin branches include one in Seymour, which will be consolidated Dec. 2; and five more in Appleton, Fond du Lac, Neshkoro, Redgranite and St. Cloud, effective Feb. 10. Customer accounts in those branches will transfer automatically to another Bank First office.
The announcement came roughly six weeks after Bank First announced its pending acquisition of Hometown Bancorp in an approximately $124 million stock-and-cash purchase. The consolidations are to prevent overlap from the footprint of the two banks, said Mike Molepske, chair, CEO and president of the $3.6 billion Bank First. A majority of the consolidating branches are within 10 miles of another branch.
“Advancements in technology have changed how our customers choose to perform their bank transactions,” he added. “Our dedication to our customers has not changed. We are a relationship-based bank and will continue offering our valued customers the exceptional customer service they expect whether they visit us in person or utilize our digital services.”