M&A Deal Summary

Bank First Acquires Timberwood Bank

On November 20, 2019, Bank First acquired financial services company Timberwood Bank

Acquisition Highlights
  • This is Bank First’s 3rd transaction in the Financial Services sector.
  • This is Bank First’s 3rd transaction in the United States.
  • This is Bank First’s 3rd transaction in Wisconsin.

M&A Deal Summary

Date 2019-11-20
Target Timberwood Bank
Sector Financial Services
Buyer(s) Bank First
Deal Type Add-on Acquisition
Advisor(s) Vining Sparks (Financial)
Godfrey & Kahn (Legal)

Target

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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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 3 of 4
Sector: Financial Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 4
State: Wisconsin M&A 3 of 4
Country: United States M&A 3 of 4
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 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.

Buy $119M