The Bank First Corporation and Denmark Bancshares Inc have taken the next steps toward their planned merger.
Bank First has announced that they have approval from the required regulatory agencies to complete the merge.
Shareholders from both banks also approved the merger during special shareholder meetings held on June 13th.
Both entities voiced their happiness regarding the upcoming merger, which is just over a month away from becoming a reality.
Mike Molepske, President and Chief Executive Officer of Bank First said that Bank First is “excited to welcome Denmark customers, shareholders, and a talented team of bankers,” while Scot Thompson, President and Chief Executive Officer of Denmark State Bank said, “The completion of the merger will also bring a broader range of products and capabilities for our customers, as well as increased value to our shareholders.”
The merger is scheduled for Friday, August 12, 2022, with the systems conversion to occur over that weekend.
Then, on Monday, August 15th, all Denmark State Bank locations will officially be renamed Bank First.
