Nicolet National Bank acquires Community Investors Bank
Nicolet National Bank and Investors Community Bank have announced a merger. The two parent companies, Nicolet Bankshares, Inc. and County Bancorp, Inc. announced the agreement, where Nicole will acquire County and its wholly-owned subsidiary.
In a statement, Nicolet President and CEO Mike Daniels says the merger is an intentional, strategic move to become the premier agriculture lender throughout Wisconsin, and that Nicolet is excited about adding the expertise and specialized knowledge of the banking team from Investors, who, like their current agriculture lenders, have boots in the driveways.
Nicolet Bankshares, Inc. also acquired Mackinac Financial Corporation on April 12, and estimates their total assets of the combined banks at 7.5 billion dollars.
Nicolet National Bank is advising customers of both banks that it is early in the process, and customers do not need to do anything different at this time.