Bank First Corp (BFC) Form 424B3 — Aug 3, 2026
Bank First Corp has filed a prospectus in connection with its proposed acquisition of PSB Holdings, Inc., which is subject to shareholder approval. Under the merger agreement, each share of PSB common stock will be converted into the right to receive 0.3470 shares of Bank First common stock. Based on recent trading prices, the transaction values PSB shares at approximately $52.67 per share. PSB shareholders will vote on the merger at a special meeting scheduled for September 2, 2026.
Key figures
- Total Assets
- $6.07 billion
- Shares Outstanding
- 4,021,558
- Exchange ratio
- 0.3470
- Termination fee
- $8,117,163
- Psb total assets
- $1.50 billion
- Min psb tangible book value
- $122,837,000
- Preferred stock interest rate
- 8.83%
- Implied value per share may 18
- $49.85
- Implied value per share july 29
- $52.67
- Preferred stock redemption price
- $1,000
AI analysis
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