Bank First Announces New Hire (Kittelson) and Promotion (Spackman)


Andrew Kittelson


PO Box 10, Manitowoc, WI 54221-0010

For more information, contact: Rachel Oakes, Marketing Communications Manager Phone: (608) 372-2265[email protected]


Bank First announces new hire and promotion

MANITOWOC, WI, August 1, 2022 – Bank First (NASDAQ: CFB), is pleased to announce a new recruit, Andrew Kittelson, and the promotion of AJ Spackman.

Andrew Kittelson joined Bank First as Vice President – Business Banking. Andrew comes to Bank First with 29 years of banking experience, specializing in commercial lending, financial planning and asset management for businesses. In his new role, Andrew will be responsible for developing new business relationships and enhancing existing ones in Sheboygan County. He earned his Bachelor of Science with a major in Economics and a minor in Business Administration from UW – Stevens Point, in addition to a Bachelor of Science in Accounting from Lakeland University. involved in his

community, Andrew sits on the board of the Sheboygan YMCA and is a member of the Sheboygan Rotary Club as well as the Sheboygan County Economic Club. He is active at St. Peter Claver Church and Christ Child Academy Elementary School as a member of the parish council and finance committee and as chair of the endowment committee. Andrew lives in Sheboygan with his wife, Laura, and has three adult children. They enjoy a variety of outdoor activities in the summer, including camping, boating, and waterskiing.

A. J. Spackman

A. J. Spackman was promoted to Assistant Vice President – Retail Lending Operations Officer. AJ started his career at Bank First in 2012 as a cashier. He moved into retail underwriting, first as a specialist, then was promoted to head of retail underwriting and most recently served as assistant vice president – ​​underwriting. In his new role, AJ will manage the bank’s pre-processing, processing, reservations and quality control teams in addition to the underwriting team. AJ earned his bachelor’s degree with a double major in accounting and business management at UW – Green Bay. He is a member of Young

Manitowoc County professionals. AJ enjoys spending time with his daughters and coaches their softball teams with the Manitowoc Youth Baseball Association.

For more information on Bank First, visit

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Bank First Corporation provides financial services through its subsidiary, Bank First, which was incorporated in 1894. Bank First offers a loan, deposits and cash management products at each of its 21 Wisconsin banking locations. The bank has grownh both acquisitions and branch expansion de novo. The company employs approximately 285 full timeequivalent staff and has assets of approximately $3.0 billion. Insurance services are available through its connection with Ansay & Associates, LLC. Trust, investment advice and other financial services are offered through the bank’s partnership with Legacy Private Trust and an alliance with Morgan Stanley. The bank co-owns a banking technology provider, UFS, LLC, which provides digital, core, cybersecurity, managed computing and cloud services. Further information about Bank First Corporation is available by clicking on the Shareholder Services tab at


Bank First Corporation published this content on August 01, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on August 01, 2022 20:04:01 UTC.

Public now 2022


2022 sales 124 million

2022 net income 47.3 million

Net debt 2022

PER 2022 ratio 12.6x
2022 return 1.24%
Capitalization 574M
capi. / Sales 2022 4.64x
capi. / Sales 2023 4.03x
# of employees 285
Floating 75.4%


Duration :

Period :

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Evolution of the income statement


To buy

Medium consensus TO BUY
Number of analysts 2
Last closing price $76.92
Average target price $85.25
Average Spread / Target 10.8%


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