PSB Holdings Acquired by Bank First | Financial Services M&A Deal

Bank First has agreed to acquire PSB Holdings, a banking business in Wisconsin, in a merger acquisition deal. PSB Holdings operates a community banking franchise with lending, deposit, and investment services, serving customers across Wisconsin markets. Bank First acquisitions in financial services M&A are designed to expand banking footprints, strengthen regulatory capital positioning, and grow loan and deposit relationships in WI acquisitions. The strategic acquisition is structured as a merger acquisition between Bank First and PSB Holdings, with merger consideration subject to customary adjustments and exchange procedures for PSB stockholders. The PSB Holdings acquisition is announced, with deal terms including stock-based award treatment and closing subject to regulatory approvals.