Community First Bank
Community First Bank is a Wisconsin community bank founded in 1871, operating 10 branches across Southwest Wisconsin to deliver personal, business, agricultural, and mortgage banking plus treasury services and wealth management to individuals, families, farms, and local SMBs.
- Company typePrivate
- Founded1871
- HeadquartersBoscobel, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Community First Bank does
Community First Bank is a privately held, Wisconsin-based community bank founded in 1871, operating 10 full-service branches across Southwest Wisconsin (Boscobel, Livingston, Baraboo, Prairie du Chien, Richland Center, Platteville, Reedsburg, Lancaster, Fennimore, and Muscoda) and serving individuals, families, small businesses, farms, and local commercial customers. Its deposit and lending portfolio spans checking, savings, money market accounts, CDs, IRAs, HSAs, personal and auto loans, RV/boat/motorcycle loans, home equity lines, residential mortgages (originated through MortgageWebCenter), business and construction loans, agricultural loans, equipment leasing, and lines/letters of credit. The bank's digital banking stack is anchored by the FirstNet online and mobile platform (branded CFBank of WI on iOS/Android), with Treasury Services for business cash management running on a Jack Henry-powered portal, ACH processing, wire transfer, Positive Pay fraud controls, Merchant Capture, Merchant Services powered by Evolv, Business Bill Pay with QuickBooks/Quicken import, Mobile Deposit, eStatements, Pay A Person P2P, and FirstLine telephone banking.
The bank earns revenue primarily through net interest income on its loan portfolio (mortgages, consumer, commercial, agricultural) supplemented by deposit account fees, transaction-based digital banking fees (Treasury Services, ACH, wire, merchant services), and recurring fee income from the Investment Center (IRAs, HSAs, financial planning) and Trust Solutions (estate planning, fiduciary services). Most core consumer digital services are free (online banking, mobile deposit, bill pay, eStatements), with monetization concentrated on business-side products and loan origination. Distribution is hybrid: physical branches for relationship banking and loan origination, supplemented by self-serve digital channels and a direct-sales Treasury Services and mortgage team. The bank holds FDIC insurance and a BauerFinancial 5-Star rating (highest tier), and runs a community-investment program that includes FHLBank Chicago Accelerate Grant facilitation for local small businesses, employee volunteer hours exceeding 4,000 annually, and philanthropic contributions in the $131K-$134K range. Leadership transitioned in March 2026, with Dan Klahn moving to a dedicated CEO role and Kevin Raisbeck appointed President.
Community First Bank firmographics
Firmographics- Name
- Community First Bank
- Legal name
- Community First Bank
- Website
- https://cfbank.com
- Company type
- Private
- Founded year
- 1871
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Community First Bank is a Wisconsin community bank founded in 1871, operating 10 branches across Southwest Wisconsin to deliver personal, business, agricultural, and mortgage banking plus treasury services and wealth management to individuals, families, farms, and local SMBs.
- Ownership category
- akta.pro rank
Community First Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Depository Credit Intermediation (5221), Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)
Keywords
Where Community First Bank is headquartered
LocationHeadquarters
- HQ city
- Boscobel
- HQ country
- United States
- HQ region
- North America
Offices10 records
Markets served
Community First Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income: Traditional banking revenue from interest earned on loans including mortgages, personal loans, business loans, agricultural loans, and lines of credit. The bank offers various loan products including home purchase, construction, refinance, home equity, and equipment leasing.
- Deposit Account Fees: Fees associated with checking accounts, savings accounts, money market accounts, and certificates of deposit. Includes overdraft protection services.
- Digital Banking Services: Treasury Services for business customers including ACH processing, wire transfers, merchant capture, and merchant services. Bill Pay services for both personal and business customers.
- Investment Products: The Investment Center at Community First Bank offers investment products and services including IRAs, HSAs, and wealth management solutions.
- Trust Services: Trust solutions for personal and business customers including estate planning and wealth management services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Personal Checking Accounts - Free basic checking with no monthly maintenance fees |
| Other | Monthly | Business Checking Accounts - Options including Business Premium Package |
| Freemium | Monthly | Online Bill Pay - Free for all customers |
| Freemium | Monthly | Online & Mobile Banking - No cost to have and use |
| Freemium | Monthly | eStatements - Free paperless option |
| Freemium | Pay-as-you-go | Mobile Deposit - No cost to make a mobile deposit |
Go-to-market motion1 record
Distribution channels7 records
Marketing channels6 records
Community First Bank product offering
Product offeringCore offering
Community First Bank is a community bank offering personal and business banking services including checking accounts, savings and money market accounts, certificates of deposit, IRAs, HSAs, mortgages, home equity loans, personal and auto loans, and recreational vehicle financing. For businesses, it provides business checking, treasury services (ACH, wires, Positive Pay, merchant capture), business and agricultural loans, equipment leasing, merchant services, and SEP/SIMPLE IRAs. Wealth services include The Investment Center and Trust Solutions. Digital channels span Online & Mobile Banking (FirstNet), the CFBank of WI mobile app, Business Bill Pay, and FirstLine telephone banking.
Product overview
Community First Bank is a Wisconsin-based community bank offering a comprehensive suite of banking products and services through both a traditional branch network and a digital banking platform. The core digital banking experience is delivered via Online & Mobile Banking (FirstNet) — a unified web and mobile app (CFBank of WI) — which serves as the hub for account management, fund transfers, and bill payments. The digital suite includes Business Bill Pay (with QuickBooks and Quicken import), Treasury Services (multi-user cash management with ACH, wires, Positive Pay, and Merchant Capture), Mobile Deposit, eStatements/eNotices, Pay A Person P2P payments, FirstLine telephone banking, and Digital Wallet support. Lending products span personal loans, mortgages (via MortgageWebCenter), home equity, and business/agricultural loans. Deposit products include checking, savings, money market accounts, CDs, IRAs, HSAs, and SEP/SIMPLE IRAs. Wealth management is provided through The Investment Center and Trust Solutions. Business banking additionally includes Merchant Services (powered by Evolv) and specialized agricultural lending.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Accounts
- Savings & Money Market Accounts
- Certificates of Deposit
- Individual Retirement Accounts (IRAs)
- Health Savings Accounts (HSAs)
- Personal & Auto Loans
- RV/Boat/Motorcycle Loans
- Home Equity Loans & Lines
- Mortgage Lending
- Business & Construction Loans
- Agricultural Loans
- Equipment Leasing
- Lines & Letters of Credit
- Treasury Services
- Merchant Services (Evolv)
- Online & Mobile Banking (FirstNet)
- Business Bill Pay
- ACH Processing
- Wire Transfer
- Positive Pay
- Merchant Capture
- Pay A Person
- Digital Wallet
- FirstLine (Telephone Banking)
- Trust Solutions
- The Investment Center
- SEP & SIMPLE IRAs
- Visa Gift Cards
- Overdraft Protection
Quantifiable outcome
- Reduced closing costs from nearly $7,000 to just $700 for first-time homebuyers
- +2 more outcomes
Companies that use Community First Bank
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Community First Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature5 records
Community First Bank partnerships and signals
Strategic signalScale indicators7 records
Recent moves6 records
Expansion highlights5 records
Community First Bank competitors and assessment
Company assessmentDirect peers
- First Business Bank: Wisconsin-based business banking specialist offering treasury management, commercial lending, and deposit services — comparable in its business banking and SMB focus though less retail-deposit oriented.
- Hometown Bank (Wisconsin): Wisconsin community bank serving small businesses, farms, and households with deposit, lending, and digital banking — direct comparability in customer segments and rural Wisconsin footprint.
- State Bank of Cross Plains: Independent Wisconsin community bank offering personal, business, mortgage, and ag lending in south-central Wisconsin — similar private community bank profile and product mix to CFB.
- National Exchange Bank & Trust: Fond du Lac, Wisconsin-based independent community bank with a similar mix of personal, business, and agricultural banking across small-town Wisconsin — closely comparable franchise size and product set to CFB.
- Heartland Bank (Wisconsin): Wisconsin-based community bank focused on small businesses, farms, and households with deposit accounts, lending products, and digital banking tools — a like-for-like rural community banking peer.
- Royal Bank (Wisconsin): Community bank serving individuals, businesses, and agricultural customers in Wisconsin with comparable deposit, loan, and digital banking offerings.
Broad incumbents
- Associated Bank: Wisconsin-headquartered regional bank offering retail, commercial, mortgage, and wealth services across the Midwest — overlaps CFB's branch banking and business lending but at significantly greater scale and geographic reach.
- Nicolet National Bank: Green Bay-based Wisconsin community and commercial bank serving individuals and businesses across the state with similar deposit, lending, and treasury products — a larger-scale comparable operating in overlapping Wisconsin geography.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Community First Bank social profiles
Digital presenceCommunity First Bank compliance and trust
Trust signalCompliance4 records
Community First Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Community First Bank leadership team
Management profileNumber of profiles
Profiles13 records
Community First Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Community First Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Community First Bank
What does Community First Bank do?
Community First Bank is a community bank offering personal and business banking services including checking accounts, savings and money market accounts, certificates of deposit, IRAs, HSAs, mortgages, home equity loans, personal and auto loans, and recreational vehicle financing. For businesses, it provides business checking, treasury services (ACH, wires, Positive Pay, merchant capture), business and agricultural loans, equipment leasing, merchant services, and SEP/SIMPLE IRAs. Wealth services include The Investment Center and Trust Solutions. Digital channels span Online & Mobile Banking (FirstNet), the CFBank of WI mobile app, Business Bill Pay, and FirstLine telephone banking.
Is Community First Bank a public or private company?
Community First Bank is a private company. It is classified as unknown and is currently operating.
When was Community First Bank founded?
Community First Bank was founded in 1871. It employs 101 to 250 people.
Where is Community First Bank based?
Community First Bank is headquartered in Boscobel, United States, in the North America region.
How does Community First Bank make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are deposit Account Fees, digital Banking Services, investment Products and trust Services.
Who are Community First Bank's main competitors?
Direct peers on record are First Business Bank, Hometown Bank (Wisconsin), State Bank of Cross Plains, National Exchange Bank & Trust, Heartland Bank (Wisconsin) and Royal Bank (Wisconsin). Broad incumbents are Associated Bank and Nicolet National Bank.
Does Community First Bank have an API?
No public API is recorded for Community First Bank.
What industry is Community First Bank in?
Community First Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks), with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 5221 and its SIC code is 6022.