Bank First announced Wednesday it has received approval from the shareholders of Partnership Community Bancshares, Inc., parent company of Partnership Bank, to complete its merger of the two organizations.
In a news release, the bank said 96% of the total number of shares voted were cast in favor of the transaction.
“The merger of our organizations was overwhelmingly approved by the Partnership shareholders,” said Mike Molepske, chief executive officer of Bank First, in the release. “Since the announcement in January, our banks have been working together to develop a conversion strategy that is evolving well. This process has allowed our teams to work closely together, confirming our conviction that our shared values make this merger a complementary match that will be beneficial to our employees, customers, shareholders, and communities.”
Read more in The Herald Times Reporter.