Nicolet completes consolidation and closure of fifteen branches after two mergers

NICOLET BANKSHARES INC

Fifteen branches consolidated/closed effective Dec 10 2021 following Mackinac Financial merger (Sept 3) and County Bancorp merger (Dec 3).
CEO Daniels reports deposit run-off largely has not materialized; organic growth offset outflows in many markets.
Nicolet now operates 52 branches and four loan production offices in Wisconsin Michigan's Upper Peninsula and Northern Michigan.
Management expects financial metrics from the integrations and closures to be positive in 2022.

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