M&A Deal Summary

Bank First Acquires Partnership Bank

On January 23, 2019, Bank First acquired financial services company Partnership Bank

Acquisition Highlights
  • This is Bank First’s 2nd transaction in the Financial Services sector.
  • This is Bank First’s 2nd transaction in the United States.
  • This is Bank First’s 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2019-01-23
Target Partnership Bank
Sector Financial Services
Buyer(s) Bank First
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Godfrey & Kahn S.C. (Legal)

Target

Partnership Bank

Cedarburg, Wisconsin, United States
Partnership Bank is a community bank that operates several branches in Wisconsin. Partnership Bank was formed in 2006 and is based in Cedarburg, 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 2 of 4
Sector (Financial Services) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Wisconsin) 2 of 4
Country (United States) 2 of 4
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-12 Waupaca Bancorporation

Waupaca, Wisconsin, United States

Waupaca Bancorporation, Inc. is a community bank that operates 8 branches in Wisconsin. The bank’s history dates back to 1885 when it was organized as the National Bank of Waupaca.

Buy $76M
FOLLOWING 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.

Buy -
Mergr

Product

Company

Legal