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Nicolet Bankshares acquires MidWestOne Financial Group

PUBLIC · NICApr 24, 2026

Acquiring Company

Nicolet Bankshares

Acquired Company

MidWestOne Financial Group

Green BayThe University Of IowaFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

Nicolet Bankshares, Inc. has completed the acquisition of MidWestOne Financial Group, Inc. for $864 million, with significant shareholder support. Alliance Advisors facilitated the proxy solicitation, achieving a 77% quorum and 69% approval from Nicolet's shareholders. This merger underscores continued consolidation in the regional banking sector.

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Company Information

Company

Nicolet Bankshares

Location

Green Bay, Wisconsin, United States

About

Nicolet Bankshares, Inc. is a financial services company that focuses on community banking. The bank aims to enhance customer service and maintain strong community ties. With a commitment to local markets, they strive to deliver quality banking products. They were founded 25 years ago and have grown to be a significant player in the Upper Midwest.

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Frequently asked

Who acquired MidWestOne Financial Group?

MidWestOne Financial Group was acquired by Nicolet Bankshares, based in Green Bay. The deal was reported on April 24, 2026. Nicolet Bankshares, Inc. is a financial services company that focuses on community banking. The bank aims to enhance customer service and maintain strong community ties. Nicolet Bankshares is publicly traded (NIC) and operates in Financial Services.

When did Nicolet Bankshares acquire MidWestOne Financial Group?

Nicolet Bankshares's acquisition of MidWestOne Financial Group was reported on April 24, 2026. Nicolet Bankshares, Inc. has completed the acquisition of MidWestOne Financial Group, Inc. for $864 million, with significant shareholder support. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does MidWestOne Financial Group do?

MidWestOne Financial Group, Inc. is a financial holding company headquartered in Iowa City, Iowa. MidWestOne is the parent company of MidWestOne Bank, which operates banking offices in Iowa, Minnesota, Wisconsin, Florida, and Colorado. It is privately held, operating in Financial Services, and is based in The University Of Iowa.

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