Understanding the Options

Direct Bank Purchase: A direct bank purchase involves your municipality working directly with Bank First to issue debt. The bank purchases the bonds or notes and holds them on its balance sheet, eliminating the need to access the public market.

Publicly Sold Bonds: This option involves selling bonds to the public through an underwriter and typically involves a municipal advisor who collects a large fee to help facilitate the process. It requires more parties, higher regulatory compliance, and a formal offering document to attract investors in the municipal bond market.

Why Choose a Direct Bank Purchase

• Simple Process: Work with one lender for a faster, more streamlined financing experience.
• Flexible Financing: Financing terms can be customized to fit your municipality’s needs, including flexible funding and payment options.
• Lower Costs: Avoid many of the fees associated with public financing. With Bank First, costs are straightforward and typically limited to bond counsel and bank fees.
• Local Support: Our team lives and works in the communities we serve. We're here to provide guidance, answer questions, and support you throughout the financing process and beyond.