Nicolet Bankshares completes merger with MidWest One Financial Group

NICOLET BANKSHARES INC

Nicolet issued ~6.6 million shares valued at $155.19 each to acquire MidWest One on Feb 13, 2026.
Combined entity reports ~$15 billion in assets, ~$11 billion in loans, and ~$13 billion in deposits.
Four former MidWest One directors (McCormick, Chaney, Godwin, Hayek) join eight existing Nicolet board members.
MidWest One Bank will operate as a Nicolet division until a system conversion in August 2026.
CEO Mike Daniels cites strong cultural fit and local decision-making as key to the merger.

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