Nicolet Bankshares

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Nicolet Bankshares
TypePublic
NYSE: NCBS
Russell 2000 Component
IndustryBanking, Financial services
Founded2000
Headquarters
Green Bay, WI
,
United States
Key people
Robert Atwell, Chairman, President, & CEO; Mike Daniels, Executive Vice President and Secretary; Ann Lawson, CFO
ProductsRetail Banking
Commercial Banking
Private Banking

Wealth Management
Total assets$2.29 billion
Websitenicoletbank.com

Nicolet Bankshares is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the fourth largest Wisconsin based bank.[1][2]

As of July 20, 2017, it had over $2.29 billion in assets.[2]

History[]

Nicolet Bankshares was founded in November 2000, after founders Bob Atwell and Mike Daniels felt that the local bank they worked for was getting away from community banking, which they felt was important.[3] In 2010, Nicolet acquired four branches from Anchor Bank. In 2013, they acquired both Mid-Wisconsin Bank and the Bank of Wausau.[4]

In 2015, the company would merge with Baylake Bank, with the new company taking the Nicolet National Bank name.[5] On April 12, 2016, the shareholders of both banks voted in favor of merging the two banks.[6] The $140 million deal closed on April 29, 2016.

In February 2020, Nicolet Bankshares announced plans to acquire West Bend, Wisconsin-based Commerce State Bank and its four branches in a deal valued at $129.6 million.[7][8][9] Three months later in May 2020, Nicolet terminated its agreement to acquire Commerce State Bank citing the impact of coronavirus and falling stock price for the publicly traded Nicolet Bank.[10]

References[]

  1. ^ Jeff Bollier (May 26, 2016). "Baylake CEO Cera's tenure at Nicolet Bank over". greenbaypressgazette.com. Retrieved May 29, 2016.
  2. ^ a b Joe Taschler and John Schmid (July 20, 2017). "Associated Bank buying Bank Mutual in $482 million deal". Milwaukee Journal-Sentinel. Retrieved August 23, 2017.
  3. ^ "Bob Atwell and Nicolet National Bank Come to Door County". Door County Pulse. April 29, 2016. Retrieved 12 April 2021.
  4. ^ "Nicolet National Bank, Green Bay, Wisconsin, Assumes All of the Deposits of Bank of Wausau, Wausau, Wisconsin". Federal Deposit Insurance Corporation (FDIC). Retrieved 12 April 2021.
  5. ^ "Nicolet National, Baylake announce plans to merge banks". Milwaukee Journal Sentinel. September 8, 2015. Retrieved 12 April 2021.
  6. ^ "Shareholders Approve Baylake, Nicolet National Bank Merger". Door County Pulse. April 14, 2016. Retrieved 12 April 2021.
  7. ^ "Commerce State Bank to be acquired by Nicolet National Bank". Greater Milwaukee Today. February 20, 2020. Retrieved 12 April 2021.
  8. ^ "Nicolet National Bank to acquire Commerce State Bank". BizTimes Milwaukee. February 17, 2020. Retrieved 12 April 2021.
  9. ^ "Nicolet Bank to expand south to Milwaukee suburbs with acquisition of Commerce State Bank". Green Bay Press Gazette. February 17, 2020. Retrieved 12 April 2021.
  10. ^ "Nicolet Bank won't acquire Commerce State Bank after coronavirus cuts into stock price". BizTimes Milwaukee. May 19, 2020. Retrieved 12 April 2021.

External links[]

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