Bank First Corporation has recently undergone significant changes to its board of directors, marked by the retirement of two longstanding members, Michael G. Ansay and David R. Sachse. These transitions come amidst a period of growth and strategic evolution for the Wisconsin-based financial institution.
Michael G. Ansay, a veteran in the banking industry, joined Bank First in February 2010 and swiftly rose through the ranks to become vice chairman in 2012. His leadership qualities and strategic acumen were quickly recognized, prompting his appointment as chairman in January 2013, a role he held until June 2022. During his tenure at the helm, Ansay played a pivotal role in shaping the organization’s trajectory, overseeing a period of significant expansion and development. Under his stewardship, Bank First expanded its footprint across Wisconsin, strategically acquiring new markets and bolstering its presence in existing ones. Assets under management grew substantially, from $832 million in 2010 to an impressive $4.2 billion by the time of his retirement. Ansay’s visionary leadership and steadfast commitment to excellence have been widely acknowledged within the industry, positioning Bank First as a leader in the regional banking sector.
David R. Sachse, who joined the board in June 2010, brought extensive expertise in financial planning, analysis, internal audit, compliance, and acquisition structuring to Bank First. His contributions were instrumental in guiding the bank through periods of strategic decision-making and operational refinement. Sachse’s insightful approach to business development enabled Bank First to capitalize on emerging opportunities, driving robust growth and solidifying its market position. His retirement from both the corporation and the bank in June 2022 marked the conclusion of a distinguished tenure marked by achievements and milestones that significantly contributed to Bank First’s success.
In response to these retirements, Bank First Corporation has implemented strategic changes to its board composition. Mary-Kay H. Bourbulas, who has been a member of the board since July 2019, has assumed the role of lead independent director. In this capacity, Bourbulas will play a crucial role in fostering effective communication between the board chairman and independent directors. She brings extensive experience and leadership in governance and strategic oversight, having previously served on key committees within the organization. Bourbulas’s appointment underscores Bank First’s commitment to maintaining strong corporate governance practices and ensuring alignment with shareholder interests.
Joining Bourbulas on the board is Erin A. Davis, who was appointed as a director effective June 17. Davis brings a wealth of experience from her role as CEO of Quality Roasting, Inc., a prominent Wisconsin-based soybean processing company. Her expertise in corporate leadership and business management will provide valuable insights as Bank First continues to innovate and expand its service offerings. Davis’s appointment reflects the board’s strategic initiative to incorporate diverse perspectives and fresh insights into its decision-making processes.
Mike Molepske, Chief Executive Officer of Bank First, expressed confidence in the newly appointed directors, emphasizing their collective strengths and contributions to the organization. He highlighted Bourbulas’s exemplary leadership qualities and strategic vision, noting her pivotal role in steering the board through future opportunities and challenges. Molepske also welcomed Davis to the board, citing her expertise and potential to drive sustainable growth and innovation.
Overall, the recent changes to Bank First’s board of directors underscore the institution’s commitment to strategic governance and leadership succession. By leveraging the expertise of seasoned leaders like Mary-Kay H. Bourbulas and introducing fresh perspectives from directors like Erin A. Davis, Bank First is well-positioned to navigate evolving market dynamics and capitalize on growth opportunities in the competitive banking landscape.