secwatch.observer — SEC 8-K summary
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Issuer:     NICOLET BANKSHARES INC (NIC)
CIK:        0001174850
Form:       8-K
Filed at:   2021-09-07T23:59:59+00:00
Accession:  0001174850-21-000066
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174850/000117485021000066/0001174850-21-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174850/000117485021000066/ncbs-20210903.htm
  HTML page:      https://secwatch.observer/filing/0001174850-21-000066

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