secwatch.observer — SEC 8-K summary
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Issuer:     NICOLET BANKSHARES INC (NIC)
CIK:        0001174850
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0001174850-25-000055
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nicolet Bankshares to acquire MidWest One Financial in $864M all-stock merger
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- Exchange ratio 0.3175 NIC shares per MOFG share; aggregate consideration ~$864M or $41.37/share based on NIC close of $130.31 on Oct 22.
- Pro forma combined company: $15.3B assets, $13.1B deposits, $11.3B loans; >110 branches across Upper Midwest, Denver, and Naples.
- Transaction expected to close in first half 2026, subject to shareholder and regulatory approvals; both boards unanimously approved.
- Estimated ~37% accretive to 2026 EPS (excluding charges); mildly dilutive to TBV with negligible earnback period.
- Combined board: 8 directors from Nicolet (including CEO Mike Daniels) and 4 from MidWest One; all directors and named officers entered support agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174850/000117485025000055/0001174850-25-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174850/000117485025000055/nic-20251023.htm
  HTML page:      https://secwatch.observer/filing/0001174850-25-000055

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