お知らせ • May 20
Bank First Corporation (NasdaqCM:BFC) entered into an agreement and plan of merger to acquire PSB Holdings, Inc. (OTCPK:PSBQ) for approximately $200 million. Bank First Corporation (NasdaqCM:BFC) entered into an agreement and plan of merger to acquire PSB Holdings, Inc. (OTCPK:PSBQ) for approximately $200 million on May 19, 2026. Under the terms of the transaction, the shareholders of PSB will have the right to receive 0.347 shares of common stock of BFC in exchange. In case of termination of transaction, seller will pay a termination fee of $8.12 million.
The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders, approval by regulatory board / committee, approval of offer by acquirer board, registration statement effectiveness, and listing/approval of new shares on stock exchange. Dissenting Shares. Dissenting Shares shall be less than 5% of the issued and outstanding shares of PSB Common Stock. The deal has been unanimously approved by the board. The transaction is expected to close in the fourth quarter of 2026. The transaction is accretive to EPS.
Pursuant to the Merger Agreement, BFC will expand its board of directors by one seat to appoint one member of PSB’s board to be selected by BFC in its discretion following the Effective Time and no later than BFC’s 2027 annual meeting of shareholders. If selected, this individual must meet BFC’s director standards, comply with its governance policies, and qualify as an independent director under NASDAQ rules.
Raymond James Financial, Inc. acted as financial advisor for PSB Holdings, Inc. Raymond James Financial, Inc. acted as fairness opinion provider for PSB Holdings, Inc. Patrick Neuman and Kirsten Spira of Boardman & Clark LLP acted as legal advisor for PSB Holdings, Inc. Mark Kanaly and David Park of Alston & Bird LLP acted as legal advisor for Bank First Corporation. Piper Sandler & Co. acted as financial advisor for Bank First Corporation. お知らせ • Apr 29
PSB Holdings, Inc. Appoints Rhonda Norrbom as Executive Vice President, Chief Credit Officer PSB Holdings, Inc. announced that Rhonda Norrbom has joined Peoples as executive vice president and chief credit officer. Rhonda will oversee credit risk management and the commercial credit administration team, ensuring continued alignment with the Bank’s commitment to sound lending practices that support community growth. お知らせ • Mar 20
PSB Holdings, Inc. Announces Quarterly Cash Dividend, Payable on April 30, 2026 PSB Holdings, Inc. announced that on March 17, 2026, its Board of Directors declared a regular quarterly cash dividend of $0.18 per share of the Company’s common stock. The dividend is payable April 30, 2026 to shareholders of record as of April 10, 2026. The annualized current dividend represents a 6% increase from the cumulative semi-annual dividends paid in 2025. The current dividend continues a 61-year tradition of cash dividends to PSB shareholders including 33 consecutive years of increased cash dividends declared per share. お知らせ • Dec 20
PSB Holdings, Inc. Announces Semi-Annual Cash Dividend, Payable January 30, 2026 PSB Holdings, Inc. announced that on December 16, 2025, its Board of Directors declared a regular semi-annual cash dividend of $0.34 per share of the Company’s common stock, a 6.3% increase over the amount declared this time last year. The dividend is payable January 30, 2026 to shareholders of record as of January 12, 2026. The current dividend continues a 61-year tradition of cash dividends to PSB shareholders including 32 consecutive years of increased cash dividends declared per share. Beginning after the first quarter in 2026, the company will pay quarterly dividends rather than the current semi-annual dividend. お知らせ • Jun 19
PSB Holdings, Inc. Announces Regular Semi-Annual Cash Dividend, Payable on July 31, 2025 PSB Holdings, Inc. announced that on June 17, 2025, its Board of Directors declared a regular semi-annual cash dividend of $0.34 per share of the Company’s common stock. The dividend is payable July 31, 2025 to shareholders of record as of July 11, 2025 and represents an increase of 6.3% over the $0.32 per share semi-annual cash dividend declared on December 17, 2024. お知らせ • Dec 19
PSB Holdings, Inc. Announces Semi-Annual Cash Dividend, Payable on January 31, 2025 PSB Holdings, Inc. announced that on December 17, 2024, its Board of Directors declared a regular semi-annual cash dividend of $0.32 per share of the Company’s common stock. The dividend is payable January 31, 2025 to shareholders of record as of January 10, 2025 and represents an increase of 6.7% over the $0.30 per share semi-annual cash dividend declared on December 19, 2023. お知らせ • Jun 26
PSB Holdings, Inc. Announces Semi-Annual Cash Dividend, Payable on July 31, 2024 PSB Holdings, Inc. announced that on June 18, 2024, its Board of Directors declared a regular semi-annual cash dividend of $0.32 per share of the Company’s common stock. The dividend is payable July 31, 2024 to shareholders of record as of July 11, 2024 and represents an increase of 6.7% over the $0.30 per share semi-annual cash dividend declared on December 19, 2023. お知らせ • Apr 02
PSB Holdings, Inc., Annual General Meeting, Apr 16, 2024 PSB Holdings, Inc., Annual General Meeting, Apr 16, 2024, at 15:00 Central Standard Time. Location: Hilton Garden Inn, 2101 North Mountain Road Wausau Wisconsin United States Agenda: To elect four directors; to to ratify the Audit Committee's selection of Wipfli LLP as our independent auditor for the 2024 fiscal year; and to take action with respect to any other matters that may be properly brought before the meeting and that might be considered by the shareholders of a Wisconsin corporation at their annual meeting. お知らせ • Dec 21
PSB Holdings, Inc. Announces Semi-Annual Cash Dividend, Payable on January 29, 2024 PSB Holdings, Inc. announced that on December 19, 2023, its Board of Directors declared a regular semi-annual cash dividend of $0.30 per share of the Company’s common stock. The dividend is payable January 29, 2024 to shareholders of record as of January 10, 2024 and represents an increase of 20.0% over the $0.25 per share semi-annual cash dividend declared on December 20, 2022. お知らせ • Jun 23
PSB Holdings, Inc. Raises Semi-Annual Cash Dividend, Payable on July 28, 2023 PSB Holdings, Inc. announced that on June 20, 2023, its Board of Directors declared a regular semi-annual cash dividend of $0.30 per share of the Company’s common stock. The dividend is payable July 28, 2023 to shareholders of record as of July 7, 2023 and represents an increase of 20.0% over the $0.25 per share semi-annual cash dividend declared on December 20, 2022. お知らせ • Feb 08
PSB Holdings, Inc., Annual General Meeting, Apr 18, 2023 PSB Holdings, Inc., Annual General Meeting, Apr 18, 2023, at 15:00 Central Standard Time. Location: Hilton Garden Inn, 2101 N. Mountain Rd Wausau Wisconsin United States お知らせ • Dec 22
PSB Holdings, Inc. Declares Regular Semi-Annual Cash Dividend, Payable January 30, 2023 PSB Holdings, Inc. announce that on December 20, 2022, its Board of Directors declared a regular semi-annual cash dividend of $0.25 per share of the Company’s common stock. The dividend is payable January 30, 2023 to shareholders of record as of January 6, 2023 and represents an increase of 8.70% over the $0.23 per share semi-annual cash dividend declared on December 21, 2021. The current dividend continues a 58-year tradition of cash dividends to PSB shareholders including 29 consecutive years of increased cash dividends declared per share. お知らせ • Nov 02
PSB Holdings, Inc. announced that it has received $12 million in funding PSB Holdings, Inc. closed a private placement of non-cumulative perpetual preferred stock for gross proceeds of $7,200,000 and subordinated debt for gross proceeds of $4,800,000;for aggregate gross proceeds of $12,000,000 on November 1, 2022. The transaction will include participation from local community members for subordinated debt. The perpetual preferred stock will pay a non-cumulative quarterly fixed dividend at an annual rate of 6.75% for the first five years and then floating at 90-day Secured Overnight Financing Rate plus 4.50% thereafter. The company retains the option to redeem the preferred stock in whole or in part beginning November 1, 2027. The notes will pay quarterly interest at an annual rate of 4.75% for the first five years and then floating at 90-day SOFR plus 2.00% thereafter. The subordinated debt will pay interest-only for the first five years and have an issuer option to redeem in whole or in part beginning November 1, 2027. お知らせ • Jun 23
PSB Holdings, Inc. Increases Semi-Annual Cash Dividend, Payable on July 29, 2022 PSB Holdings, Inc. announced that on June 21, 2022, its Board of Directors declared a regular semi-annual cash dividend of $0.25 per share of the Company’s common stock. The dividend is payable July 29, 2022 to shareholders of record as of July 15, 2022 and represents an increase of 8.7% over the $0.23 per share semi-annual cash dividend declared on June 15, 2021. The current dividend continues a 58-year tradition of cash dividends to PSB shareholders including 29 consecutive years of increased cash dividends declared per share. お知らせ • Mar 29
PSB Holdings, Inc., Annual General Meeting, Apr 19, 2022 PSB Holdings, Inc., Annual General Meeting, Apr 19, 2022, at 15:00 Central Daylight. Location: Hilton Garden Inn, 2101 N. Mountain Road Wausau Wisconsin United States お知らせ • Feb 23
PSB Holdings, Inc., Annual General Meeting, Apr 20, 2021 PSB Holdings, Inc., Annual General Meeting, Apr 20, 2021, at 15:00 Central Standard Time. Location: Peoples State Bank, 1905 Stewart Ave., Wausau Wisconsin United States