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.
Location
Wisconsin, United States
Transaction Type
Buyout

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