• Bank First is set to acquire PSB Holdings in an all-stock deal valued at about $202.9 million, based on Bank First’s May 18 closing price of $143.66.
• PSB shareholders would receive 0.3470 of a Bank First share for each PSB share.
• The transaction would expand Bank First’s footprint in North Central Wisconsin and the Milwaukee area, lifting combined assets to more than $7.6 billion.
• PSB had $1.5 billion in assets, $1.12 billion in net loans, $1.19 billion in deposits, and $133.87 million in stockholders’ equity as of March 31.
• Closing and systems conversion are expected in the fourth quarter of 2026, subject to customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bank First Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605191730PR_NEWS_USPR_____CG63303) on May 19, 2026, and is solely responsible for the information contained therein.