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Exhibit 21
LIST OF SUBSIDIARIES
Ownership Percentage | | | Name | | | Incorporation | |
100% | | | Bank First, N.A. | | | National | |
| | | 100% Bank First Investments, Inc. | | | Wisconsin | |
| | | 49.8% UFS, LLC | | | Wisconsin | |
| | | 100% TVG Holdings, Inc. | | | Wisconsin | |
| | | 40% Ansay & Associates, LLC | | | Wisconsin | |
100% | | | Veritas Asset Holdings, LLC | | | Wisconsin | |