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银行以1.19亿美元现金加股票交易收购丹麦银行股份
2022-01-19 23:36
10:32 AM EST, 01/19/2022 (MT Newswires) -- Bank First (BFC) said Wednesday it has agreed to acquire Denmark Bancshares for about $119 million in cash and stock to expand its footprint and deposit market share in Wisconsin.
Under the terms of the deal, Denmark shareholders will receive either $38.10 in cash or 0.5276 of a Bank First common share in exchange for each Denmark common share held. At least 80% of Denmark shares will receive stock consideration and a maximum of 20% will receive cash, Bank First said.
As of Dec. 31, the combined company will have about $3.6 billion in assets, about $2.7 billion in loans and approximately $3.2 billion of deposits, Bank First said.
The transaction is expected to close in early Q3, subject to regulatory clearance and approval by shareholders of both companies, Bank First added.
Price: 70.71, Change: -0.07, Percent Change: -0.10
