M&A Deal Summary

Bank First Acquires Denmark Bancshares

On January 19, 2022, Bank First acquired financial services company Denmark Bancshares for 119M USD

Acquisition Highlights
  • This is Bank First’s 4th transaction in the Financial Services sector.
  • This is Bank First’s largest (disclosed) transaction.
  • This is Bank First’s 4th transaction in the United States.
  • This is Bank First’s 4th transaction in Wisconsin.

M&A Deal Summary
Date 2022-01-19
Target Denmark Bancshares
Sector Financial Services
Buyer(s) Bank First
Deal Type Add-on Acquisition
Deal Value 119M USD
Advisor(s) Piper Sandler & Co. (Financial)
Godfrey & Kahn S.C. (Legal)

Target

Denmark Bancshares

Denmark, Wisconsin, United States
Denmark Bancshares offers a wide variety of financial products and services including loans, deposits, mortgage banking, and investment services. Denmark Bancshares is based in Denmark, Wisconsin.

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Buyer(S) 1

Buyer

Bank First

Manitowo, Wisconsin, United States
Category Company
Founded 1894
Sector Financial Services
DESCRIPTION

Bank First Corp. is a bank holding company headquartered in Manitowoc, Wisconsin with total assets of approximately $1.3 billion. Its principal activity is the ownership and operation of Bank First a nationally-chartered community bank that operates 12 branches in Wisconsin.

DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Wisconsin) 4 of 4
Country (United States) 4 of 4
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Timberwood Bank

Tomah, Wisconsin, United States

Tomah Bancshares, Inc. is a bank holding company headquartered in Tomah, Wisconsin with total assets of $193 million. Its principal activity is the ownership and operation of Timberwood Bank, a community bank that operates one branch in Tomah, Wisconsin.

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Legal