GREEN BAY, WI (WTAQ-WLUK) — Green Bay-based Nicolet Bankshares is acquiring an Iowa-based bank.
Nicolet’s $864 million purchase of MidwestOne Financial Group will give Nicolet more than 110 branches across the Upper Midwest, as well as in Denver and in Naples, Florida. The company will have combined assets of $15.3 billion, deposits of $13.1 billion and loans of $11.3 billion.
“We are excited to announce the acquisition of MidWestOne and welcome their employees, customers, and shareholders to Nicolet,” Mike Daniels, Nicolet chairman, president and CEO, said in a news release. “We view the people at MidWestOne as true kindred spirits in our approach to serving customers, communities, and employees. They have been stalwarts of the community for over 90 years, and we intend to be great stewards of that legacy.”…