Bank First National completes insurance subsidiary merger

Herald Times Reporter

MANITOWOC — Bank First National has completed the merger of its insurance subsidiary, The Vincent Group Inc., with A. N. Ansay & Associates, Inc. to form Ansay & Associates LLC.

The combined agencies constitute a full-service, independent agency with offices in Green Bay, Little Chute, Manitowoc, Mosinee, Port Washington, Wausau and West Bend.

Ansay is jointly owned by Bank First National and A.N. Ansay & Associates, with BFN retaining 38 percent ownership of the newly formed corporation.

"We are confident this merger will augment the performance of our insurance business and will enhance our focus on our relationship-based business," said Mike Molepske, BFN chief executive officer.

Ansay will manage approximately $200 million in premiums. Gross revenue on a combined basis will be $18 million and Ansay expects to double in size in the next three-to-five years through organic growth and potential acquisitions.

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