Bank First Corp (BFC): M&A transaction — Bank First closes acquisition of Hometown Bancorp; appoints former Hometown CEO as President

Bank First Corp

Completed merger with Hometown Bancorp effective Feb 10, 2023; consideration ~87% stock (1.45M BFC shares) and ~13% cash ($15.4M).
Tim McFarlane appointed President of BFC and Bank First, N.A., and added to Board (now 12 directors); he was Hometown's CEO.
Combined company has ~$4.2B assets, ~$3.3B loans, ~$3.5B deposits, and 28 Wisconsin branches.
Systems conversion completed over Feb 10-12; Hometown branches opened as Bank First on Feb 13.

item 2.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Timothy J. McFarlane

President

BFC · Bank First Corp

Effective: 2023-02-10
Filed: February 13, 2023, 6:59 PM ET

the board of directors (the “Board”) of BFC (i) increased the size of the Board from eleven to twelve directors and appointed Timothy J. McFarlane to serve as a member of the Boards of BFC and Bank First, and (ii) appointed Mr. McFarlane to serve as the President of BFC and Bank First.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy J. McFarlane was appointed as President at Bank First Corp.

Action: appointed
Role: President

Exact text from the filing

the board of directors (the “Board”) of BFC (i) increased the size of the Board from eleven to twelve directors and appointed Timothy J. McFarlane to serve as a member of the Boards of BFC and Bank First, and (ii) appointed Mr. McFarlane to serve as the President of BFC and Bank First.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Bank First Corp completed an acquisition involving Hometown Bancorp, Ltd. for $29.16 in cash or 0.3962 of a share of BFC's common stock (closed 2023-02-10).

Action: acquisition
Counterparty: Hometown Bancorp, Ltd.
Consideration: $29.16 in cash or 0.3962 of a share of BFC's common stock
Closing: 2023-02-10

Exact text from the filing

“Mergers”). Pursuant to the Merger Agreement, HTB shareholders are entitled to receive for each share of HTB common stock outstanding immediately prior to the Merger either (i) $29.16 in cash or (ii) 0.3962 of a share of BFC’s common stock, subject to customary proration and allocation procedures such that at least 70% of shares of HTB common stock will receive

View on SEC.gov

32 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Bank First Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-019110

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.