GREEN BAY, Wis., Dec. 6, 2021 /PRNewswire/ -- Nicolet Bankshares,
Inc. (NASDAQ: NCBS) ("Nicolet") completed its merger with County
Bancorp, Inc., (NASDAQ: ICBK) ("County"), as a result of which,
County merged with and into Nicolet, with Nicolet being the
surviving corporation. Immediately following the merger,
County's wholly-owned banking subsidiary, Investors Community Bank
("Investors"), was merged with and into Nicolet National Bank.
Based on initial financial data, the addition of County added
approximately $1.5 billion in assets
to increase Nicolet's total assets to approximately $8.0 billion. Total loans of the combined
company will increase to approximately $4.5
billion, and total deposits will increase to approximately
$6.7 billion.
The systems integration was completed, and three branches of
Investors opened as Nicolet National
Bank branches, with one opening in Grand Chute, WI, expanding Nicolet's presence
in the Fox Valley area, and two opening in new markets in
Stevens Point, WI and Manitowoc, WI.
About Nicolet Bankshares, Inc.
Nicolet Bankshares, Inc. is the bank holding company of
Nicolet National Bank, a growing
full-service, community bank providing services ranging from
commercial and consumer banking to wealth management and retirement
plan services. Founded in Green
Bay in 2000, Nicolet National
Bank operates branches in Northeast and Central Wisconsin, the upper peninsula of
Michigan, and Northern Michigan. More information can be
found at www.nicoletbank.com.
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SOURCE Nicolet Bankshares, Inc.