secwatch.observer — SEC 8-K summary
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Issuer:     Bank First Corp (BFC)
CIK:        0001746109
Form:       8-K
Filed at:   2026-05-19T21:05:40+00:00
Accession:  0001104659-26-063919
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank First Corporation to acquire PSB Holdings in all-stock deal valued at ~$202.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746109/000110465926063919/0001104659-26-063919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746109/000110465926063919/tm2615088d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-063919

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer