Bank First Shares Fall After $203 Million PSB Deal
Bank First Corp shares fell 0.4% to $141.32 after announcing a $203 million all-stock deal to acquire PSB Holdings. The drop trailed a 1.0% gain in the SPDR S&P Regional Banking ETF and stronger moves by other Wisconsin banks. The deal values PSB at about $49.04 a share, below Bank First’s earlier estimate. The acquisition still requires regulatory and shareholder approval.
