Bank First Announces Board Changes

By Bobby Samwell • Tuesday, June 18 16:43 • Permanent Link

Bank First Corporation (NASDAQ: BFC) has announced significant changes to its Board of Directors, including the retirement of two esteemed Directors, Michael G. Ansay and David R. Sachse, and the appointment of Mary-Kay H. Bourbulas as Lead Independent Director and Erin A. Davis as Director.

During Michael G. Ansay's nearly decade-long tenure as Chairman of the Board from January 2013 to June 2022, the Bank experienced extraordinary asset growth, increasing from $832 million in 2010 to $4.2 billion today. His retirement from the Board took effect on January 15, 2024.

David R. Sachse, who became a Director of the Corporation and the Bank in June 2010, played a crucial role in Bank First's growth and success over the past 14 years. Under his leadership, the Bank significantly expanded its footprint across Wisconsin through strategic acquisitions and the establishment of de novo offices in new markets. He retired from the Board of Directors of Bank First and Bank First Corporation on June 17, 2024.

Mary-Kay H. Bourbulas, who was appointed the new Lead Independent Director, became a Director of the Company and the Bank in July 2019. Her experience in evaluating and managing secured assets and troubled loans, coupled with her tenure in the investment services industry, brings valuable expertise to Bank First's Board.

Erin A. Davis, the CEO of Quality Roasting, Inc., a Wisconsin-based soybean processing company, brings valuable experience in business management. She became a Director of the Bank on April 16, 2024, and was elected to the Board of Directors of Bank First Corporation effective June 17, 2024.

The retirement of Mr. Ansay and Mr. Sachse was celebrated at the Bank's annual meeting on Monday, June 17, 2024.

Bank First Corporation provides financial services through its subsidiary, Bank First, N.A., which was incorporated in 1894. The Bank has grown through both acquisitions and de novo branch expansion and currently offers loan, deposit, and treasury management products at each of its 26 banking locations in Wisconsin. The Bank has assets of approximately $4.2 billion. Following these announcements, the company's shares moved 0.7%, and are now trading at a price of $81.51. Check out the company's full 8-K submission here.

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