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Bank First Corporation Signs Definitive Agreement to Acquire Centre 1 Bancorp, Inc.
Prnewswire· 2025-07-18 13:00
Core Viewpoint - Bank First Corporation has announced a merger agreement with Centre 1 Bancorp, Inc., aiming to enhance service capabilities and expand its market presence in Wisconsin and northern Illinois through an all-stock transaction valued at approximately $174.3 million [2][3]. Group 1: Transaction Details - Bank First will acquire 100% of Centre's common stock, with each Centre shareholder receiving 0.9200 of a share of Bank First's common stock for each share of Centre common stock [3]. - The transaction is expected to close in the first quarter of 2026, pending regulatory approval and shareholder consent [6]. Group 2: Financial Impact - As of June 30, 2025, First National Bank and Trust Company had approximately $1.55 billion in consolidated assets, $994.9 million in gross loans, and $1.29 billion in deposits [7]. - Post-merger, the combined entity will have total assets of approximately $5.91 billion, loans of approximately $4.58 billion, and deposits of approximately $4.89 billion [7]. Group 3: Strategic Benefits - The merger combines two community-focused banks, enhancing their ability to serve customers with greater resources and capabilities [5][8]. - The strategic geographic alignment allows Bank First to expand into new markets without overlap, supporting long-term value creation [8]. - The merger is expected to enhance shareholder value through combined financial strength and a focus on disciplined growth [8]. Group 4: Leadership and Advisory - Following the merger, Steve Eldred, CEO of Centre, will join the Board of Directors of Bank First [5]. - Piper Sandler & Co. and Hovde Group, LLC served as financial advisors for Bank First and Centre, respectively [9].
Huntington Bancshares Incorporated Announces Second Quarter 2025 Earnings Call Details
Prnewswire· 2025-07-09 21:29
Core Viewpoint - Huntington Bancshares Incorporated is set to release its second quarter 2025 financial results on July 18, 2025, prior to market opening, with a conference call scheduled for 9 a.m. ET to discuss the results [1][2]. Company Overview - Huntington Bancshares Incorporated is a regional bank holding company with $210 billion in assets, headquartered in Columbus, Ohio, and operates 968 branches across 13 states [4]. - The company provides a wide range of financial services including banking, payments, wealth management, and risk management to various clients including consumers, small and middle-market businesses, and municipalities [4].
Huntington Bank Names Eric Wasserstrom Executive Vice President, Head of Investor Relations
Prnewswire· 2025-04-28 13:00
Core Viewpoint - Huntington National Bank has appointed Eric Wasserstrom as Executive Vice President, Head of Investor Relations, effective April 28, 2025, to enhance investor engagement and support the bank's growth initiatives [1][3]. Group 1: Appointment Details - Eric Wasserstrom brings over two decades of experience in the financial services industry, previously serving as Senior Vice President and Head of Global Investor Relations at Walgreens Boots Alliance [2]. - Wasserstrom has also held significant roles at Discover Financial Services and UBS Securities, where he developed expertise in aligning strategic initiatives with shareholder priorities [2]. Group 2: Responsibilities and Impact - In his new role, Wasserstrom will oversee all aspects of investor relations, ensuring timely and transparent communication regarding the company's performance and outlook [3]. - He will be instrumental in developing strategies to enhance shareholder value and support the bank's growth initiatives [3]. Group 3: Company Background - Huntington Bancshares Incorporated is a regional bank holding company with $210 billion in assets, headquartered in Columbus, Ohio, and operates 968 branches across 13 states [5].