Information Regarding COVID-19
At Bank First, we strongly feel that as an essential place of business, we have a social responsibility and obligation to serve the financial needs of our customers and community. Community banks provide critical infrastructure to the financial services industry as a whole in the United States, and we are here to ensure customers have access to money to purchase groceries, medications, and other necessities as well as ensure our local businesses continue operating.
Please continue to visit this page as the situation unfolds. We will continue to provide updates as it pertains to our operations or services.
April 4, 2020 | Important Information Regarding the Paycheck Protection Program
April 3, 2020 | Update - SBA Coronavirus Relief Options for Small Businesses
April 2, 2020 | CARES Act and the Paycheck Protection Program (PPP)
March 30, 2020 | Scammers are taking advantage of COVID-19, 3/30/2020
March 24, 2020 | COVID-19 Customer Relief Efforts
March 20, 2020 | COVID-19 update as of 3/20/2020
March 16, 2020 | COVID-19 Response as of 3/16/2020
Customer Relief Efforts
The safety and welfare of the communities we serve are a top priority for Bank First. We recognize these are challenging times and we want you to know your money is secure. We also want you to know our team is here to help. Bank First is offering relief measures to personal and business banking customers who require much-needed financial assistance during this challenging time.
If you are in need of other assistance not listed below, please contact your local office or dedicated Relationship Manager. We also have established a toll-free number for you call regarding COVID-19 concerns (1-877-271-6714). Bank First relationship managers are ready to take your call and find a solution to meet your individual needs.
Due to the evolving nature of the COVID-19 response(s) additions, deletions and modification of our offers for assistance are subject to change without notice and in our sole discretion including and not limited to fees, wavers and other offers.
For Your Business
Bank First understands that you and other customers may be experiencing financial challenges as a result of illness or business interruption. Protecting your finances and helping you navigate through options during the rapidly evolving COVID-19 pandemic is our top priority.
You have most likely been receiving a lot of information about government tax credit programs and loan programs to assist you and your business with the COVID-19 pandemic. As an SBA Preferred Lender, we want you to know Bank First is ready to assist you.
- U.S. Chamber of Commerce Resources for Business
- Small Business Administration (SBA) Small Business Guidance & Loan Resources
- Small Business Administration (SBA) Disaster Assistance
- Sign up to receive SBA Updates
- Sample Payroll Protection Program (PPP) application
- Wisconsin Bankers Association - Summary of COVID-19 Lending Options
- IRS FAQs on Employee Retention Credit
PENALTY-FREE CD WITHDRAWAL. The no-penalty offer allows you to make one partial or complete withdrawal without penalty.
WAIVED TELEPHONE TRANSFER FEE. We are suspending our fees to make telephone transfers. Please call your local office or 1-877-271-6714 for assistance.
CONSUMER AND MORTGAGE LOAN PAYMENT RELIEF. If you are experiencing a hardship due to the COVID-19 pandemic, please contact your local office or dedicated Relationship Manager. We are offering a variety of loan relief programs tailored to meet your needs. The terms of any payment deferral or extension will be disclosed to you at the time of request.
FORECLOSURE PROGRAM SUSPENSION. We will suspend foreclosure actions on residential properties for 60 days, unless required by federal or government agencies.
REPOSSESSION PROGRAM SUSPENSION. We will not initiate any repossession actions for 60 days for vehicles, boats, or RVs
Schedule an Appointment
To help limit the potential spread of the virus, and to maintain the social distancing recommendations the CDC has in place, our lobbies will be switching to an appointment only operation beginning on Tuesday, March 24, 2020. All drive-thru lanes, with the exception of our Mequon office, will remain open and fully functional. To schedule an appointment to discuss any essential banking matters, click on Schedule an Appointment below.
Bank with us 24/7
- Online Banking and goBank Mobile Banking are fast and convenient ways for you to manage your accounts how you want, when you want. With online and mobile banking, you are able to transfer funds, make payments, view account history, and pay bills from the comfort and safety of your home.
- Deposit paper checks anytime using your smart phone and the goBank mobile app.
- Telebanc (1-800-676-7535) is open 24/7 and allows you access to your bank accounts with any touch-tone phone. You can check balances, transfer funds, verify when checks have cleared, pay loans from a savings or checking account, review recent deposits or withdrawals, and more! Your PIN is the last 4-digits of your social security number.
Convenient Banking Tools
- To reduce the spread of germs, we recommend utilizing Digital Wallet to make payments in store. Digital Wallet is a simple and safe way to pay with your mobile device. Simply “tap to pay” at participating retailers. Additionally, we recommend avoiding the use of cash, which can be a carrier of germs.
- If you must make a payment to a friend or family member, consider using a peer-to-peer payment service. Bank First offers PopMoney to all our customers for peer-to-peer payments.
We have heard reports of scammers taking advantage of COVID-19 and attempting to defraud individuals and businesses during this time of uncertainty. As our valued customers and friends, we want to make you aware of scams that are happening to help protect you from potential losses.
Key points to remember:
- If it sounds too good to be true - it is!
- The IRS will not call you to ask for, or verify, your bank account information to direct deposit the recovery rebate funds from the CARES Act (Coronavirus Aid, Relief, and Economic Security Act).
- Use caution when opening emails from an unknown source. Do not click on links or open attachments from unknown or unverified sources.
- Do not trust unsolicited phone calls and never provide personal or bank account information to an unknown, unsolicited source.
- Be cautious of scams on social media as this is another avenue of access for scammers to take advantage of your generosity.
Some examples of scams linked to COVID-19 include:
- Treatment scams: Scammers are selling fake vaccines, medicines, tests, and cures for COVID19.
- Supply scams: Scammers are claiming they have in-demand products, like cleaning, household, health, and medical supplies. When an order is placed, the scammer takes the money and never delivers the order.
- Charity scams: Scammers are fraudulently soliciting donations for non-existent charities to help people affected by the COVID-19 crisis. Scammers often use names that are similar to the names of real charities.
- Phishing scams: Scammers, posing as national and global health authorities such as the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC), are sending fake emails or texts to trick the recipient into sharing their personal information, including account numbers, Social Security numbers, or login IDs and passwords.
- App scams: Scammers are creating mobile apps designed to track the spread of COVID-19 to insert malware that will compromise users’ devices and steal personal information.
- Provider scams: Scammers pretending to be doctors and hospitals that have treated a friend or relative for COVID-19 and demand payment for that treatment.
- Investment scams: Scammers are promoting the stock of small companies, which have limited publicly-available information, using false or misleading claims that the companies’ stock will increase dramatically due to the COVID-19 outbreak, such as claims that a company can prevent, detect, or cure COVID-19.
- Price gouging: Individuals and businesses selling essential goods, like hand sanitizer, for significantly higher prices than in a non-emergency setting.
If you receive an unsolicited visit, call or email, do not give out personal information or send
funds to an unknown source. Please be aware that these scams may be increasing in the coming
days and weeks.
Sources: US Department of Justice, Federal Trade Commission
Committed to Our Community
As a community bank, Bank First continues to support our communities. Although many local events have been postponed or cancelled, we are still committed to making an impact. Our team is proud to support many of our small businesses by purchasing gift cards or take-out lunches for our employees during this challenging time. We encourage others in our communities to do so as well.
Click here for a list of local restaurants that are available for take-out and/or delivery.
Your Money is Safe and Sound in Banks. Here's Why.
(Courtesy of American Bankers Association)
At time of uncertainty, one thing you can always count on is the safety of your money at a bank.
- When you deposit your money at a bank, you get the comfort of knowing that your funds are secure and insured by the government.
- You don’t have the same level of protection when your money is outside the banking system.
- Uncertain times are exactly when you want the certainty and dependability of a bank.
Banks have plans in place to handle a range of emergencies so our customers’ funds remain protected and accessible.
- Every bank in the country is required by law to have disaster recovery and business continuity plans in place with multiple backup systems.
- The bank’s regulator regularly examines the bank to make sure we have detailed, tested disaster recovery procedures and business resumption plans.
- The safest place for your money is in the bank. It’s FDIC-insured and accessible, thanks to bank technology that allows you to pay bills, make deposits and send payments from anywhere, anytime.
Banks have a proven record of effective emergency preparedness and disaster recovery.
- Throughout history, U.S. banks have been prepared for and responded to recessions, natural disasters—including pandemics—and other business disruptions.
- When faced with natural disasters and unexpected events, banks have a proven record of operating smoothly, protecting consumers’ deposits and providing continued access to their funds.
- Lessons learned from previous health threats—including the avian flu, SARS and Ebola,—have strengthened the banking industry’s ability to prepare for and minimize disruption due to a pandemic.
Learn more at FDIC.gov.
- Centers for Disease Control COVID-19
- Consumer Financial Protection Bureau
- U.S. Department of Homeland Security