Bank First closes $690M Denmark merger, announces $627.6M Hometown deal; dividend up 13.6%

Bank First Corp

Completed Denmark Bancshares merger on Aug 12, adding ~$690M in assets and expanding to Shawano County.
Announced merger with Hometown Bancorp ($627.6M), expected close Feb 10, 2023, subject to regulatory approval; Tim McFarlane to join as President.
Quarterly cash dividend increased to $0.25 per share, up 13.6% QoQ and 19% YoY; payable Oct 5 to holders of record Sep 21.
Michael Molepske elected Chairman of the Board; Laura Kohler elected to board; Donald Brisch and Michael Dempsey retired.
H1 2022 net income $21.8M ($2.89 EPS); total assets $2.96B; loans grew 12.7% ex-PPP vs prior year.

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