Bank First Corporation Receives Regulatory Approval to Acquire Centre 1 Bancorp, Inc.
Bank First Corporation (Nasdaq: BFC) received all required regulatory approvals to complete its planned merger with Centre 1 Bancorp, Inc., parent of The First National Bank and Trust.
The transaction is slated to close on January 1, 2026, subject to customary closing conditions and approval by Centre shareholders. After closing, First National Bank and Trust will operate as a division of Bank First until a system conversion expected in Q2 2026, when branches will adopt the Bank First name and clients will move to Bank First's digital banking platform.
Bank First reported total assets of approximately $4.4 billion and serves central and northeastern Wisconsin with commercial, mortgage, and consumer lending products.
Bank First Corporation (Nasdaq: BFC) ha ottenuto tutte le approvazioni regolamentari necessarie per completare la fusione pianificata con Centre 1 Bancorp, Inc., controllante di The First National Bank and Trust.
La transazione è prevista per chiudersi il 1 gennaio 2026, soggetta alle condizioni di chiusura abituali e all’approvazione da parte degli azionisti di Centre. Dopo la chiusura, First National Bank and Trust opererà come divisione di Bank First fino a una conversione di sistema prevista per il secondo trimestre del 2026, quando le filiali adotteranno il nome Bank First e i clienti passeranno alla piattaforma di banking digitale di Bank First.
Bank First ha riportato attività totali di circa $4.4 miliardi e serve le aree centrali e nord-orientali del Wisconsin con prodotti di prestito commerciali, ipotecari e al consumo.
Bank First Corporation (Nasdaq: BFC) recibió todas las aprobaciones regulatorias necesarias para completar su fusión planificada con Centre 1 Bancorp, Inc., matriz de The First National Bank and Trust.
La transacción está prevista para cerrarse el 1 de enero de 2026, sujeto a las condiciones de cierre habituales y a la aprobación por parte de los accionistas de Centre. Después del cierre, First National Bank and Trust operará como una división de Bank First hasta una conversión del sistema prevista para el segundo trimestre de 2026, cuando las sucursales adopten el nombre de Bank First y los clientes pasen a la plataforma de banca digital de Bank First.
Bank First reportó activos totales de aproximadamente $4.4 mil millones y atiende al centro y noreste de Wisconsin con productos de préstamos comerciales, hipotecarios y al consumidor.
Bank First Corporation (Nasdaq: BFC)은 The First National Bank and Trust의 모회사인 Centre 1 Bancorp, Inc.와 계획된 합병을 완료하기 위해 필요한 모든 규제 승인을 받았습니다.
거래는 2026년 1월 1일에 마감될 예정이며, 일반적인 종결 조건과 Centre 주주들의 승인을 조건으로 합니다. 종결 후 First National Bank and Trust은 Bank First의 부서로 운영되다가 2026년 2분기에 시스템 전환이 예정되어 지점은 Bank First의 이름으로 변경되고 고객은 Bank First의 디지털 뱅킹 플랫폼으로 이동합니다.
Bank First는 대략 $4.4십억의 총자산을 보고했으며 위스콘신 주의 중심부 및 북동부를 대상으로 상업, 모기지 및 소비자 대출 상품을 제공합니다.
Bank First Corporation (Nasdaq: BFC) a reçu toutes les autorisations réglementaires requises pour mener à bien sa fusion prévue avec Centre 1 Bancorp, Inc., société mère de The First National Bank and Trust.
La transaction devrait être clôturée le 1er janvier 2026, sous réserve des conditions habituelles de clôture et de l’approbation par les actionnaires de Centre. Après la clôture, First National Bank and Trust opérera comme une division de Bank First jusqu’à une conversion du système prévue au second trimestre 2026, lorsque les succursales adopteront le nom Bank First et que les clients passeront à la plateforme bancaire numérique de Bank First.
Bank First a affiché des actifs totaux d’environ 4,4 milliards de dollars et dessert le centre et le nord-est du Wisconsin avec des produits de prêt commerciaux, hypothécaires et à la consommation.
Bank First Corporation (Nasdaq: BFC) hat alle erforderlichen behördlichen Genehmigungen erhalten, um die geplante Fusion mit Centre 1 Bancorp, Inc., dem Mutterunternehmen von The First National Bank and Trust, abzuschließen.
Die Transaktion soll am 1. Januar 2026 abgeschlossen werden, vorbehaltlich der üblichen Abschlussbedingungen und der Zustimmung der Aktionäre von Centre. Nach dem Abschluss wird First National Bank and Trust als Division von Bank First betrieben, bis eine Systemumstellung voraussichtlich im zweiten Quartal 2026 erfolgt, bei der Filialen den Namen Bank First übernehmen und Kunden auf die digitale Banking-Plattform von Bank First wechseln.
Bank First meldete Vermögenswerte in Höhe von ca. 4,4 Milliarden US-Dollar und bedient den zentralen und nordöstlichen Wisconsin-Region mit kommerziellen, Hypotheken- und Verbraucherkreditprodukten.
Bank First Corporation (Nasdaq: BFC) تلقّت جميع الموافقات التنظيمية اللازمة لإتمام اندماجها المخطط مع Centre 1 Bancorp, Inc., الشركة الأم لـ The First National Bank and Trust.
من المزمع إغلاق الصفقة في 1 يناير 2026، رهناً بالشروط المعتادة للإغلاق وبموافقة مساهمي Centre. بعد الإغلاق، ستعمل First National Bank and Trust كوحدة من Bank First حتى إجراء تحويل النظام المتوقع في الربع الثاني من 2026، حيث ستتبنى الفروع اسم Bank First وسيتم نقل العملاء إلى منصة الخدمات المصرفية الرقمية الخاصة بـ Bank First.
Bank First ذكرت إجمالياً أصولاً تبلغ حوالي $4.4 مليار وتخدم منطقة الوسط والشرق الشمالي من ويسكونسن بمنتجات ائتمانية تجارية، رهن عقاري، واقتراضات استهلاكية.
Bank First Corporation (Nasdaq: BFC) 已获得完成其与 Centre 1 Bancorp, Inc. 的拟议合并所需的全部监管批准，Centre 1 Bancorp, Inc. 为 The First National Bank and Trust 的母公司。
该交易预计将于 2026年1月1日 关闭，须符合惯常的交割条件并获得 Centre 股东的批准。完成后，First National Bank and Trust 将作为 Bank First 的一个部门运营，直到预计在 2026年第二季度 进行系统转换，届时分行将采用 Bank First 的名称，客户将转入 Bank First 的数字银行平台。
Bank First 报告的总资产约为 $4.4 十亿美元，为威斯康星州中部及东北部地区提供商业、抵押和消费贷款产品。
- Received all required regulatory approvals to close the merger
- Planned close date set for January 1, 2026
- System conversion timeframe provided: Q2 2026
- Bank First total assets approximately $4.4 billion
- Closing remains subject to approval by Centre shareholders
- Transaction subject to customary closing conditions
- First National Bank and Trust will operate as a division until system conversion in Q2 2026
Insights
Regulatory approval clears a key legal hurdle for a January 1, 2026 close; integration and shareholder approval remain next steps.
Bank First secured required regulatory approvals to acquire Centre 1 Bancorp and will close on
Key dependencies include final shareholder vote and customary closing conditions; execution risk shifts to integration planning and regulatory post-close compliance. The announced system conversion in the
Watch the shareholder vote outcome and any closing disclosures between now and
Approval enables transition work now; operational risk centers on the planned Q2 2026 system conversion and customer migration.
First National Bank and Trust will operate as a division of Bank First after close, then move onto Bank First's core and digital platform during the planned
Operational risks include data migration, customer communication, and temporary service friction during the conversion window; staffing and IT cutover plans will determine cost and service effects. Monitor communications about timeline confirmations, pilot results, and post-conversion service metrics leading up to and following the
Concrete near-term items to watch: shareholder approval before
"Receiving regulatory approval allows us to begin the transition toward operating as Bank First, a move that reflects our shared commitment to long-term growth and community-focused banking," said Mike Molepske, Chairman and Chief Executive Officer of Bank First. "This merger brings together two institutions with aligned values and complementary strengths, positioning us to better serve our customers with expanded resources, broader capabilities, and a continued focus on relationship banking."
Following the close of the transaction, First National Bank and Trust will become a division of Bank First until the system conversion, expected to take place in the second quarter of 2026. At that time, all First National Bank and Trust offices will fully transition to the Bank First name, and customers will be transitioned to the Bank First system and digital banking platform.
Bank First Corporation and Bank First, N.A.
Bank First Corporation is the holding company for Bank First, N.A., a relationship-focused financial institution headquartered in
About Centre 1 Bancorp, Inc. and The First National Bank and Trust Company
Centre 1 Bancorp, Inc. is the holding company of The First National Bank and Trust Company, a family-owned community bank headquartered in
Contacts
Bank First: Mike Molepske, Chairman & CEO, at mmolepske@bankfirst.com or (920) 652-3202
Centre: Don O'Day, President, at don.oday@bankatfirstnational.com or (608) 363-8007
For further information, contact:
Deb Weyker, SVP Marketing
Phone: (920) 652-3274, dweyker@bankfirst.com
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SOURCE Bank First Corporation
FAQ
When will Bank First (BFC) complete the merger with Centre 1 Bancorp?
What approvals did Bank First (BFC) receive for the Centre 1 Bancorp merger?
When will First National Bank and Trust convert to the Bank First system after the BFC merger?
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Will First National Bank and Trust immediately change its name after the BFC merger closes?
