---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-019110"
form_type: "8-K"
ticker: "BFC"
cik: "0001746109"
company_name: "Bank First Corp"
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T16:21:33.447675+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bank First closes acquisition of Hometown Bancorp; appoints former Hometown CEO as President

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-019110
- form_type: 8-K
- ticker: BFC
- cik: 0001746109
- company_name: Bank First Corp
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1746109/000110465923019110/0001104659-23-019110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1746109/000110465923019110/tm236409d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-019110
- JSON: https://secwatch.observer/filing/0001104659-23-019110.json
- Plain text: https://secwatch.observer/filing/0001104659-23-019110.txt

## Key facts
- Executive change
  Timothy J. McFarlane was appointed as President at Bank First Corp.
  - Action: appointed
  - Role: President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1746109/000110465923019110/0001104659-23-019110-index.htm
- M&A Transactions
  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
  source text: “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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1746109/000110465923019110/0001104659-23-019110-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.