---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-068873"
form_type: "8-K"
ticker: "BFC"
cik: "0001746109"
company_name: "Bank First Corp"
filed_at: "2025-07-18T23:59:59+00:00"
generated_at: "2026-05-18T05:47:31.426575+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 agrees to acquire Centre 1 Bancorp for ~$174.3M in all-stock deal

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-068873
- form_type: 8-K
- ticker: BFC
- cik: 0001746109
- company_name: Bank First Corp
- filed_at: 2025-07-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1746109/000110465925068873/0001104659-25-068873-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1746109/000110465925068873/tm2521094d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-068873
- JSON: https://secwatch.observer/filing/0001104659-25-068873.json
- Plain text: https://secwatch.observer/filing/0001104659-25-068873.txt

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