{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-063919","form_type":"8-K","ticker":"BFC","cik":"0001746109","company_name":"Bank First Corp","filed_at":"2026-05-19T21:05:40+00:00","discovered_at":"2026-05-19T21:08:00.388963+00:00","generated_at":"2026-05-19T21:11:48.049059+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Bank First Corporation to acquire PSB Holdings in all-stock deal valued at ~$202.9M","bullets":["Each PSB share to be exchanged for 0.3470 BFC shares; aggregate consideration ~$202.9M based on BFC close of $143.66.","Combined assets exceed $7.6B, with loans ~$5.64B and deposits ~$6.27B.","Transaction expected to close in Q4 2026, subject to regulatory and PSB shareholder approval.","PSB shareholders receive over 80% market premium; BFC to add one PSB board member.","Deal extends BFC's footprint into North Central Wisconsin and greater Milwaukee area."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-063919","json":"https://secwatch.observer/filing/0001104659-26-063919.json","markdown":"https://secwatch.observer/filing/0001104659-26-063919.md","text":"https://secwatch.observer/filing/0001104659-26-063919.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1746109/000110465926063919/0001104659-26-063919-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1746109/000110465926063919/tm2615088d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T21:11:48.049059+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5bb8c5a5616ffed8aabe1edb26a5b295c8874c66","claim":"Bank First Corp entered into Agreement and Plan of Merger with PSB Holdings, Inc. (effective 2026-05-19).","evidence_excerpt":"On May 19, 2026, Bank First Corporation, a Wisconsin corporation (“BFC”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with PSB Holdings, Inc., a Wisconsin corporation (“PSB”), whereby PSB will be merged with and into BFC (the “Merger”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1746109/000110465926063919/0001104659-26-063919-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"PSB Holdings, Inc."},{"label":"Effective","value":"2026-05-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}