N E W S R EL E A SE

FOR IMMEDIATE RELEASE - January 14, 2013

P.O. Box 10, Manitowoc, WI 54221-0010

For further information, contact: Debbie Weyker, Marketing Director

Phone: (920) 652-3274 dweyker@bankfirstnational.com

John C. Miller retires as First Manitowoc Bancorp, Inc. Board Chairman

MANITOWOC, WI - January 14, 2013 - First Manitowoc Bancorp, Inc. ( OTCQB: FMWC), parent company of Bank First, announces the retirement of John C. Miller, Chairman of the Board, effective December 31, 2012. Miller had been a Director of the Corporation and the Bank since 1996 and since June 2010 served as Chairman. Mr. Miller also served on the Corporation and Bank's Compensation and Retirement Committee and was Chairman of the Executive and Nominating Committees. Mr. Miller is Chairman of the Board of Miller-St. Nazianz, Inc., a manufacturer of motorized agricultural application equipment with worldwide distribution.

"We thank John for his commitment to our shareholders, employees and customers," said Mike Molepske, President and Chief Executive Officer of Bank First. "His leadership has been instrumental in the long-term growth, development and success of the corporation and bank. The changes implemented during John's tenure as chairman is key to our continued success." Since Miller joined the Corporation in 1996, the Bank's assets have increased from $258 million to $1 billion, a period of phenomenal growth.
"As I have watched Bank First grow and prosper, especially during a worldwide banking crisis, I am confident the Bank management and the board will lead Bank First to future profitable growth. It has been a wonderful learning experience and a real pleasure working with the other directors and the management team during my time on the board," stated John Miller.
The remaining Directors of the Corporation and Bank are as follows:

• Michael G. Ansay, Chairman and CEO at Ansay & Associates, LLC

• Donald R. Brisch, retired President and Vice President of Operations for Rockwell Lime

• Robert D. Gregorski, Principal of Gregorski Development, LLC

• Michael B. Molepske, President and CEO at Bank First National

• Katherine M. Reynolds, Partner at Michael Best & Friedrich

• David R. Sachse, President and Owner of Landmark Consultants, Inc., and owner of

Landmark North, HTT, and Nutrients, Inc.

John C. Miller


First Manitowoc Bancorp, Inc. (FMWC) provides financial services through its sole subsidiary, Bank First National, which was incorporated in 1894. The Bank is an independent community bank with 12 banking locations in Manitowoc, Brown, and Sheboygan and Winnebago counties. The Bank has grown through both acquisitions and de novo branch expansion. The Bank offers loan, deposit, investment advisory and trust products at each of its banking offices. Insurance products are available through Ansay & Associates, LLC. Trust, investment advisory and other financial services are offered through the Bank's partnership with Legacy Private Trust and through an alliance with Morgan Stanley Smith Barney. The Bank is a co-owner of a data processing subsidiary, United Financial Services, Inc., which provides data services for over 40 Wisconsin banks. The Bank employs approximately 167 full-time equivalent staff and has assets of $938 million as of September 30, 2012. Further information about First Manitowoc Bancorp, Inc. is available by clicking on the Investor Relations tab at www.BankFirstNational.com .
First Manitowoc Bancorp is traded on the OTCQB marketplace under the symbol FMW C . To learn more about the OTC Markets Group, visit www.otcmarkets.com

Forward Looking Statements: This news release may contain certain "forward-looking statements" that represent First Manitowoc Bancorp's expectations or beliefs concerning future events. Such forward-looking statements are about matters that are inherently subject to risks and uncertainties. Because of the risks and uncertainties inherent in forward looking statements, readers are cautioned not to place undue reliance on them, whether included in this news release or made elsewhere from

time to time by First Manitowoc Bancorp or on its behalf. First Manitowoc Bancorp disclaims any obligation to update such forward-looking statements. In addition, statements regarding historical stock price performance are not indicative of or guarantees of future price performance.

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