Legacy Private Trust, the Wisconsin-based trust firm, has partnered with
Bank First, also based in Wisconsin, in a deal which will see Legacy assume responsibility for all trust and investment management accounts of the bank as of 1 November.

Paul Callan, vice president of wealth management at Bank First, will be employed by Legacy going forwards, but will continue to serve First Bank's customers as before, the firms said.

Legacy will gain shared fee revenue in exchange for managing the trust business.

Legacy manages around $450 million in trust assets with a staff of 23, and Bank First says it believes the partnership is in the “best interest” of its current and future fiduciary clients, as it will give them access to a wider range of services.