India, July 18 -- Bank First Corp. (BFC), the holding company of Bank First, N.A., announced Friday the signing of an Agreement and Plan of Merger with Centre 1 Bancorp, Inc., parent company of The First National Bank and Trust Co., a nationally chartered bank, under which Bank First has agreed to acquire 100% of the common stock of Centre in an all-stock transaction.
Under the terms of the Agreement and Plan of Merger, 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, 2025 of $125.78 per share.
Bank...