A Green Bay-based bank, with locations in Manitowoc County, has completed a merger with another banking group.
Nicolet Bankshares Inc., the holding company of Nicolet National Bank announced the merger with MidWestOne Bank, with Nicolet being the surviving corporation.
All fifty-plus MidWestOne Banks will now transition to the Nicolet brand and digital banking platform, expanding Nicolet’s presence in Iowa, the Twin Cities, Western Wisconsin, and Denver, Colorado.
MidWestOne’s addition adds $6 billion in assets, increasing Nicolet’s total assets to $15 billion.
Nicolet CEO Mike Daniels calls the merger “an important milestone in Nicolet’s disciplined growth strategy. MidWestOne is a strong cultural and strategic fit, and this combination enhances our ability to serve customers across our expanded footprint while maintaining the local decision-making that defines our model of shared success.”
