Manitowoc based Bank First Corporation has announced that they’ve signed a Definitive Agreement to acquire Hometown Bancorp. LTD. of Fond Du Lac.
The agreement announced Tuesday calls for Bank First to acquire 100 percent of the common stock of Hometown in a combined stock-and-cash transaction.
This comes on the heels of their merger with Denmark Bancshares, Inc., the parent company of Denmark State Bank earlier this year that becomes official August 12th.
Hometown Bank currently has several offices throughout northeast Wisconsin which include two in Fond Du Lac and one in Appleton.
Bank First President and CEO Mike Molepske states in a news release that Hometown shareholders and customers will benefit in multiple ways, which include offering a wide array of retail banking products and loan programs to suit each customers needs, along with opportunities to access to UFS, a Bank Technology outfitter that provides the latest advancements in banking technology at a faster rate than its peers.
Molepske says of the merger “We are excited to welcome Hometown and their relationship focused team of bankers to Bank First. Our organizations shared values based on a passion for providing personalized customer service, along with a genuine concern for the well-being of our employees, customers and communities make this relationship a natural fit.”
The Boards of Directors of both financial institutions have approved the agreement and plan of merger.
Closing is expected sometime in the fourth quarter of this year, subject to many criteria including regulatory approval.
