Clint Wolf | July 20,2025
Centre 1 Corp., parent company of First National Bank and Trust, and Bank First Corporation, the holding company of Bank First, N.A., have announced a merger agreement.
Bank First plans to acquire 100% of the common stock of Centre 1 in an all-stock transaction. Under the terms of the agreement each Centre shareholder will have the right to receive 0.9200 of a share of Bank First’s common stock in exchange for each share of Centre common stock. The aggregate consideration is valued at approximately $174.3 million, based on the closing price of Bank First common stock as of July 17 of $125.78 per share.