Bank First National Corporation Signs Definitive Agreement to Acquire Partnership Community Bancshares, Inc.

 

Highlights of the Announced Transaction

  • Aligns with Bank First’s strategic growth plans within the State of Wisconsin
  • Benefits customers of both institutions through additional branch locations and enhanced suite of products and services
  • Companies share a similar culture and relationship-based banking philosophy
  • Strengthens Bank First’s franchise through greater deposit market share.

 

On January 23, 2019 Bank First National Corporation signed a definitive agreement to acquire Partnership Community Bancshares, Inc. The Agreement and Plan of Merger has been approved by the Board of Directors of Partnership Bank and Bank First with a target close date of July 12, 2019.

“We are very excited to be uniting with Partnership Bank and increasing our footprint in Wisconsin,” stated Mike Molepske, President and Chief Executive Officer of Bank First. “With Partnership’s community involvement, strong deposit base, superior credit quality, and relationship model of banking, it was evident from the start this would be the perfect fit for both banks as well as their employees, customers, and shareholders. We look forward to our future together as a combined institution and the substantial impact we will have in the communities we serve.”

“Bank First is a Wisconsin-based homegrown community bank just like us. Our values, vision for building relationships and delivery of remarkable client service closely align,” stated David Braaten, President and Chief Executive Officer of Partnership Bank. “Merging with Bank First provides us additional strength and resources for growth in our markets and the ability to efficiently deliver innovative products and services to our clients.”

 

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January 2019

Partnership Bank plans merger with Bank First

 

October 2018

Partnership Bank receives Award for Banking Achievements

 

May 2018

Bank receives Torch Award for Ethics from BBB

February 2019

Annual Ozaukee County

Economic Business Luncheon

 

Watertown: Annual Economic Breakfast

 

November 2018

The Extraordinary Among

the Ordinary

 

May 2018

Art Walk Brings Many to Watertown

 

February 2019

Jennifer Mantooth awarded "Ladies who Lead" honor.

 

September 2018

Wendy Wright Named Millston
Citizen of the Year

 

August 2018

Doherty on Hunting Land Loans

 

David Braaten, CEO - Partnership Bank with Roxanne Emmerich, Founder - The Institute for Extraordinary Banking at the Banky Awards in Minneapolis.

 

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Partnership Bank Receives Banking Award for Achievements

In 2018, Partnership Bank was named among the top extraordinary banks in the United States by The Institute for Extraordinary Banking™

Partnership Bank was recognized with the Institute’s Banky™ Award for its commitment to strong community banking.
This recognition is given to top community banks across the country to help people find the best banks in their communities.

“Receiving this Banky Award was very special,” said David Braaten, CEO - Partnership Bank, “what’s more special is that everyday our Associates have the privilege of making a difference in the lives of the people living in the communities we serve. This recognition is a true reflection of our passion for excellence in everything we do.”

We are both honored and humbled to be among the top 1% of banks in the nation who, like us, are community banks.

The Extraordinary Banking™ Awards highlight the vital, yet often overlooked, role that local community banks play in our economy. Without a thriving local banking industry, our small businesses and families become nothing more than numbers inside “too big to fail” institutions. The Extraordinary Banking™ Awards recognize the best of what community banks offer to our cities and towns and the whole nation.

Partnership Bank is a community bank with offices in Cedarburg, Mequon, Tomah, and Watertown.

Partnership Bank Receives the Highest Award for Business Ethics

A Partnership Bank relationship begins with HI – H for honesty, I for integrity,” said David Braaten, CEO-Partnership Bank at the 2018 Torch Awards luncheon. Partnership Bank, along with six other Wisconsin businesses, received Torch Awards for Ethics from the Wisconsin Better Business Bureau. This statewide Award celebrates trusted businesses who incorporate excellence and ethics into every aspect of their businesses. Since 2005, the Wisconsin BBB has presented Torch Awards to just over 100 businesses. Judged by an independent, voluntary panel of 17 judges, the Award is an external, unbiased validation of a company’s character, culture, and support of community.

“Being recognized by the BBB is a great honor for us,” said Braaten. “I am extremely proud of our team and the work they do to build trusting relationships with clients and the community.” Partnership Bank now joins the elite ranks of a small number of Wisconsin businesses recognized for meeting the highest standards of integrity, ethics, and an unwavering commitment to their clients and the community.

“This public status carries both privilege and responsibility,” Braaten added. A lifetime award, Torch Awards recipients serve as role models and lead their industry by promoting ethical business practices and demonstrating a solid commitment to building marketplace trust. “Especially in the financial services industry, consumer trust has eroded and is reaching all time lows,” continues Braaten. “As a community bank, we’re realistic in knowing our limited influence over giant financial institutions. However, no one can stop us from asking the questions in our community; holding ourselves and others accountable to high standards of honesty, transparency, and integrity; and motivating our clients to ask the right questions before they make financial decisions. Trust is the cornerstone on which every banking relationship is built.”

To be eligible, entrants are first nominated, then asked to complete a questionnaire and provide documentation based on the Six Principles of Trust!

- Transformation from the Top: Leadership’s Commitment to Ethical Practices

- Reinforce and Build: Communication of Ethical Practices

- Unite the Team: Leadership Practices to Unify the Organization

- Steer Performance: Commitment to Performance Management Practices

- Treasure People: Commitment to Ethical Human Resources Practices

- !Enthusiastically Reinvest: Commitment to the Community

Partnership Bank is a $285 million community bank headquartered in Cedarburg. Owned by community shareholders and governed by a community-active board of directors, it has offices in Cedarburg, Mequon, Tomah, and Watertown. By banking with a community bank, your money stays in the community and goes to work in the community to make it a better place for small business owners, families, and consumers to live, work, and play.