GREEN BAY, Wis., Dec. 13, 2021 /PRNewswire/ -- Nicolet
Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet") completed its
consolidation and closure of fifteen branches effective
December 10, 2021. This move
comes on the heels of completing two mergers – Mackinac Financial
Corporation on September 3, 2021, and
County Bancorp, Inc. on December 3,
2021.
Mike Daniels, President and CEO
of Nicolet, said, "The integration of the two mergers and the
branch consolidations and closures have all gone according to
plan. Our people did a good job of staying focused, not only
on integrating and closing branches but also with the continued
growth of the Nicolet brand in all markets. The deposit
run-off we expected in these markets has largely not materialized
to date, and in many cases has been offset by solid organic
growth. This outcome continues to show us that our value to
the communities we serve has never been our locations, but our
people. We continue to provide a great customer experience
across all of our markets, even those where we no longer have a
physical branch. All in all, the process has gone as we
predicted, and we anticipate the financial metrics will bear this
out in 2022."
Nicolet now operates 52 branches and four loan production
offices in Wisconsin, Michigan's Upper Peninsula, and Northern Michigan.
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.