Bank First agrees to acquire Centre 1 Bancorp for ~$174.3M in all-stock deal

Bank First Corp

Deal value approximately $174.3M; each Centre share gets 0.9200 BFC shares.
Combined pro forma assets ~$5.91B, deposits ~$4.89B, loans ~$4.58B.
Expands BFC into southern WI and northern IL; first out-of-state expansion.
Expected closing Q1 2026; subject to regulatory and Centre shareholder approvals.
Centre CEO Steve Eldred to join BFC board; termination fee $5.3M.

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