Nicolet Bankshares, Inc. and County Bancorp, Inc. have finalized a merger agreement of which Nicolet will acquire County and its wholly-owned banking subsidiary, Investors Community Bank.
Based on the financial results as of March 31, the combined company will have pro forma total assets of $7.5 billion, deposits of $6.3 billion, and loans of $4.9 billion, inclusive of Nicolet’s prior acquisition announcement of Mackinac Financial Corporation on April 12.
“This partnership is an intentional, strategic move to become the premier agriculture lender throughout Wisconsin,” Nicolet President and CEO Mike Daniels said. “We are excited about adding the expertise and specialized knowledge of the banking team from Investors, who, like our current agriculture lenders, have boots in the driveways. Long term, combining our operations will create a stronger community bank.”
“We remain committed to the markets and industries we serve, especially the dairy sector, and above all, keeping banking local,” County President Tim Schneider said.