Nicolet Bankshares said it has completed its merger with MidWestOne Financial Group, with MidWestOne merging into Nicolet as the surviving company. MidWestOne Bank will operate as a division of Nicolet National Bank until a planned system conversion in August 2026, when more than 50 MidWestOne locations are expected to transition to the Nicolet brand and digital platform. Nicolet said the deal adds about $6 billion in assets, bringing total assets to roughly $15 billion, with total loans of about $11 billion and deposits of about $13 billion. Four former MidWestOne directors will join Nicolet’s board.
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