Bank First Corporation Acquires Denmark Bancshares, Inc.
January 19, 2022
Bank First Corporation (Nasdaq: BFC) signed a definitive Agreement and Plan of Merger to acquire 100% of the common stock of Denmark Bancshares, Inc., parent of Denmark State Bank, in a combined stock-and-cash transaction valued at approximately $119 million. The deal (targeted to close early Q3 2022) expands Bank First's franchise in Northeast Wisconsin, increases deposit market share and adds Denmark's agricultural banking expertise to the combined organization.
- Buyers
- Bank First Corporation
- Targets
- Denmark Bancshares, Inc. (Denmark State Bank)
- Sellers
- Shareholders of Denmark Bancshares, Inc.
- Industry
- Financial Services
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
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