---
schema_version: "secwatch.filing_event.v1"
accession: "0001174850-21-000066"
form_type: "8-K"
ticker: "NIC"
cik: "0001174850"
company_name: "NICOLET BANKSHARES INC"
filed_at: "2021-09-07T23:59:59+00:00"
generated_at: "2026-06-29T05:26:15.360584+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nicolet completes $230M Mackinac merger, plans 15 branch closures, sells Birmingham branch to Bank of Ann Arbor

## Summary
- Merger consideration ~$230M: each Mackinac share exchanged for 0.22 Nicolet shares + $4.64 cash.
- Nicolet issued ~2.3M shares (valued at $76.74) and paid ~$50M cash to close deal.
- Plans to consolidate/close 15 branches in WI and MI, effective Dec 10, 2021.
- Agreed to sell Birmingham, MI branch to Bank of Ann Arbor; branch had $176M loans and $57M deposits at Aug 31, 2021.
- Pro forma combined company had ~$6.1B total assets as of June 30, 2021; Paul D. Tobias appointed to board.

## SEC filing metadata
- accession: 0001174850-21-000066
- form_type: 8-K
- ticker: NIC
- cik: 0001174850
- company_name: NICOLET BANKSHARES INC
- filed_at: 2021-09-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1174850/000117485021000066/0001174850-21-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1174850/000117485021000066/ncbs-20210903.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174850-21-000066
- JSON: https://secwatch.observer/filing/0001174850-21-000066.json
- Plain text: https://secwatch.observer/filing/0001174850-21-000066.txt

## Key facts
- Executive change
  Paul D. Tobias was appointed as Director at NICOLET BANKSHARES INC.
  - Action: appointed
  - Role: Director
  source text: appointed Paul D. Tobias, a former member of the Mackinac board of directors, to fill the vacancy created by this increase.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1174850/000117485021000066/0001174850-21-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.