Bank First Completes Acquisition of Centre 1 Bancorp, Expanding Assets to $6 Billion and Adding Wealth Management

summarizeSummary

Bank First Corporation completed its acquisition of Centre 1 Bancorp, significantly expanding its assets to $6 billion and adding trust and wealth management services.

check_boxKey Events

• Merger Completion

  Bank First Corporation completed its previously announced merger with Centre 1 Bancorp, Inc., effective January 1, 2026.

• Share Issuance

  Approximately 1,382,978 shares of BFC common stock were issued to former Centre shareholders as part of the merger consideration.

• Expanded Operations

  The combined entity now operates 38 branch locations across Wisconsin and Illinois, with approximately $6 billion in assets.

• New Services Added

  Bank First is expanding its services to include trust and wealth management, integrating a skilled team from First National Bank and Trust.

auto_awesomeAnalysis

Bank First Corporation has successfully completed its merger with Centre 1 Bancorp, a strategic move that significantly expands its asset base to approximately $6 billion and broadens its service offerings to include trust and wealth management. This acquisition, which involved issuing new shares representing a substantial portion of Bank First's market capitalization, strengthens its presence across Wisconsin and Illinois with 38 branch locations. The integration of Centre's team and services is expected to enhance Bank First's competitive position and provide a more comprehensive suite of financial solutions to its customers. Investors should monitor the integration process and the realization of anticipated synergies.