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Bank First to acquire Peoples State Bank in $203M all-stock deal, expanding Wisconsin footprint.

Company Fundamentals
19 May 2026
PRNewsWire
View Source
Bullish
pluang ai news

Bank First Corporation announced it will acquire Peoples State Bank's parent company, PSB Holdings, in an all-stock transaction valued at approximately $202.9 million. The merger will expand Bank First's presence into North Central Wisconsin and the greater Milwaukee area, creating a combined entity with $7.6 billion in assets. Peoples shareholders will receive 0.3470 shares of Bank First stock per share, gaining liquidity and premium value. The deal, expected to close in Q4 2026 pending approvals, aims to enhance community banking services, digital offerings, and operational scale while preserving local decision-making and culture.

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