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Bank First Successfully Implements UFS's Empowered Core Banking Platform
Bank FirstBank First(US:BFC) Prnewswireยท2024-07-01 14:00

Core Insights - Bank First has successfully implemented the Empowered Core banking technology platform developed by UFS, enhancing its growth strategies and operational capabilities [1][2][4] - The migration to the new platform was completed on June 23, 2024, after a seven-month build-out, ensuring a seamless transition without customer impact [2] - Bank First, headquartered in Manitowoc, WI, has $4 billion in assets and offers a wide range of financial products and services [3] Company Strategy - The implementation of the Empowered Core platform allows Bank First to achieve strategic goals with greater control, speed, and flexibility, ultimately benefiting customers and stockholders [2][4] - The partnership with UFS has been expanded to leverage their technology solutions, which are designed specifically for community banks [2][5] Industry Context - UFS, as a bank technology outfitter, provides tailored technology services to community banks, enhancing their operational efficiency and competitive edge [5] - The addition of Bank First to UFS's customer base demonstrates UFS's capability to support regional banks in optimizing their technology platforms [5]