Bank First Corp (BFC): M&A transaction — Bank First completes acquisition of Centre 1 Bancorp, adding trust and wealth management

Bank First Corp

BFC issued ~1.38M shares at 0.9200 per Centre share in stock-for-stock merger.
Combined organization has ~$6B assets and 38 branches across Wisconsin and Illinois.
Acquisition adds trust and wealth management services effective immediately.
Centre CEO Steve Eldred joins Bank First's board of directors.
System conversion to unified Bank First brand planned for May 2026.

Key facts

Extracted from this filing and checked against the source text.

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

Bank First Corp completed an acquisition involving Centre 1 Bancorp, Inc. for 0.9200 of a share of BFC’s common stock and cash in lieu of fractional shares (closed 2026-01-01).

Action: acquisition
Counterparty: Centre 1 Bancorp, Inc.
Consideration: 0.9200 of a share of BFC’s common stock and cash in lieu of fractional shares
Closing: 2026-01-01

Exact text from the filing

Pursuant to the Merger Agreement, former Centre shareholders are entitled to receive, for each share of Centre common stock that was outstanding immediately prior to the Merger, 0.9200 of a share of BFC’s common stock and cash in lieu of fractional shares. Each outstanding share of BFC common stock remained outstanding and was unaffected by the Mergers. As a

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Bank First Corp filing history →

Source: SEC EDGAR

accession 0001104659-26-000083

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