Nicolet Bankshares

Nicolet Bankshares, Inc. Names Mike Daniels President and Chief Executive Officer

Retrieved on: 
Monday, April 26, 2021
Nicolet Bankshares, Nicolet

b'GREEN BAY, Wis., April 26, 2021 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet") today announced a change in the titles of certain of its Executive Officers.

Key Points: 
  • b'GREEN BAY, Wis., April 26, 2021 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet") today announced a change in the titles of certain of its Executive Officers.
  • Mike Daniels was named President and Chief Executive Officer, and Bob Atwell was named Executive Chairman of Nicolet, effective immediately.
  • At the operating company, Nicolet National Bank, Atwell will continue as Chairman, and Daniels will continue as President and Chief Executive Officer, a leadership structure that has been in place since 2015.\nAtwell said, "I have never been more optimistic about the future of Nicolet.
  • Mike has led most areas of the bank for several years, including the primary role of integrating our acquisitions.

MACKINAC INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Mackinac Financial Corporation - MFNC

Retrieved on: 
Thursday, April 15, 2021
Legal, Professional services, Foti, Mackinac Financial Corporation, Mackinac, KSF, Nicolet Bankshares, Regions of the United States, Midwestern United States, Economy of the United States

b'Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

Key Points: 
  • b'Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
  • and the law firm of Kahn Swick & Foti, LLC (\xe2\x80\x9cKSF\xe2\x80\x9d) are investigating the proposed sale of Mackinac Financial Corporation (NasdaqGS: MFNC) to Nicolet Bankshares, Inc. (NasdaqGS: NCBS).
  • Under the terms of the proposed transaction, shareholders of Mackinac will receive only 0.22 shares of Nicolet and $4.64 for each share of Mackinac that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.\nIf you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( [email protected] ) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-mfnc/ to learn more.\nTo learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210414005970/en/\n'

Nicolet Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Nicolet Bankshares, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – NCBS

Retrieved on: 
Tuesday, April 13, 2021
Legal, Professional services, Articles, Nicolet Bankshares, Limited liability partnership, Fiduciary, Law

b'Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Nicolet Bankshares, Inc. (NASDAQ: NCBS) and Mackinac Financial Corporation is fair to Nicolet shareholders.\nThe investigation concerns whether Nicolet and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Nicolet shareholders; and (2) disclose all material information necessary for Nicolet shareholders to adequately assess and value the merger consideration.

Key Points: 
  • b'Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Nicolet Bankshares, Inc. (NASDAQ: NCBS) and Mackinac Financial Corporation is fair to Nicolet shareholders.\nThe investigation concerns whether Nicolet and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Nicolet shareholders; and (2) disclose all material information necessary for Nicolet shareholders to adequately assess and value the merger consideration.
  • On behalf of Nicolet shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.\nHalper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.
  • Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.\nAttorney Advertising.
  • Prior results do not guarantee a similar outcome.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210413005940/en/\n'

Nicolet Bankshares, Inc. To Acquire Mackinac Financial Corporation

Retrieved on: 
Monday, April 12, 2021
Nicolet Bankshares, Shareholders, Proxy statement, Nicollet, Economy of the United States

"\nPaul Tobias, Chairman and CEO of Mackinac said, "On behalf of our Board of Directors, I am pleased to announce our merger into the Nicolet family.

Key Points: 
  • "\nPaul Tobias, Chairman and CEO of Mackinac said, "On behalf of our Board of Directors, I am pleased to announce our merger into the Nicolet family.
  • "\nBob Atwell, CEO and Chairman of Nicolet said, "Nicolet always takes the long view when it comes to acquisitions.
  • Additional assumptions and metrics can be found in the related Investor Presentation.\nPost-merger, Paul Tobias will join the Boards of Directors of Nicolet Bankshares and Nicolet National Bank.
  • When available, the joint proxy statement/prospectus will be delivered to shareholders of Nicolet and Mackinac.

MidWestOne Announces New President and Chief Operating Officer

Retrieved on: 
Monday, July 6, 2020
Banks of the United States, Economy of the United States, Ocean Bank, U.S. Bancorp, MidWestOne Financial Group, Regions of the United States, Nicolet Bankshares, Firstar Corporation

IOWA CITY, Iowa, July 06, 2020 (GLOBE NEWSWIRE) -- MidWestOne Financial Group today announced the appointment of Mr. Len Devaisher as President and Chief Operating Officer for both MidWestOne Financial Group and MidWestOne Bank effective July 27, 2020.

Key Points: 
  • IOWA CITY, Iowa, July 06, 2020 (GLOBE NEWSWIRE) -- MidWestOne Financial Group today announced the appointment of Mr. Len Devaisher as President and Chief Operating Officer for both MidWestOne Financial Group and MidWestOne Bank effective July 27, 2020.
  • Mr. Devaisher most recently was Old National Banks Wisconsin Region Chief Executive Officer.
  • We have been impressed by the quality of his professional achievement as well as the quality of the person,said current President and CEO Charles N. Funk, who will continue in his role as Chief Executive Officer for MidWestOne Financial Group and Chief Executive Officer for MidWestOne Bank.
  • MidWestOne is the parent company of MidWestOne Bank, which operates banking offices in Iowa, Minnesota, Wisconsin, Florida, and Colorado.

Nicolet Bankshares, Inc. To Acquire Commerce Financial Holdings, Inc.

Retrieved on: 
Monday, February 17, 2020
Nicolet Bankshares

GREEN BAY, Wis., Feb. 17, 2020 /PRNewswire/ --Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet") and Commerce Financial Holdings, Inc. ("Commerce") today jointly announce the execution of a definitive merger agreement, pursuant to which Nicolet will acquire Commerce and its wholly-owned banking subsidiary, Commerce State Bank ("Commerce Bank").

Key Points: 
  • GREEN BAY, Wis., Feb. 17, 2020 /PRNewswire/ --Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet") and Commerce Financial Holdings, Inc. ("Commerce") today jointly announce the execution of a definitive merger agreement, pursuant to which Nicolet will acquire Commerce and its wholly-owned banking subsidiary, Commerce State Bank ("Commerce Bank").
  • We are going to leverage the combined strengths of Commerce and Nicolet, which are our people and relationship-focused attitudes, to accelerate our growth.
  • Under the terms of the merger agreement,Nicoletwill acquire Commerce with Nicolet being the surviving corporation.
  • In the merger, Commerce shareholders shall receive 1.15 shares of Nicolet common stock for each share of Commerce stock.

Nicolet National Bank Announces Central Wisconsin Expansion

Retrieved on: 
Thursday, January 23, 2020
Regions of the United States, Nicolet Bankshares, Midwestern United States, Nicollet, Green Bay, Wisconsin, Bank, Wisconsin, Nicolet

GREEN BAY, Wis., Jan. 23, 2020 /PRNewswire/ --Nicolet National Bank ("Nicolet"), a subsidiary of Nicolet Bankshares, Inc. (NASDAQ: NCBS), announces the expansion of its commercial banking team in Central Wisconsin with the hiring of three local, veteran bankers to help propel Nicolet's continued growth.

Key Points: 
  • GREEN BAY, Wis., Jan. 23, 2020 /PRNewswire/ --Nicolet National Bank ("Nicolet"), a subsidiary of Nicolet Bankshares, Inc. (NASDAQ: NCBS), announces the expansion of its commercial banking team in Central Wisconsin with the hiring of three local, veteran bankers to help propel Nicolet's continued growth.
  • Keith Baars Senior Vice President, Commercial Banking Manager ( [email protected] )
    A 22 year veteran of banking, most recently with Peoples State Bank, Keith will lead the experienced commercial banking team in Central Wisconsin.
  • Nicolet National Bank is 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 and the upper peninsula of Michigan.

American National Bankshares Inc. Announces Medical Retirement of William W. Traynham as Chief Financial Officer; Appoints Jeffrey W. Farrar as Chief Financial Officer

Retrieved on: 
Wednesday, October 16, 2019
Banks of the United States, Ocean Bank, Vice president, Economy of the United States, U.S. Bancorp, Companies, Nicolet Bankshares, Capital Bank Financial

Jeffrey W. Farrar, Executive Vice President and Chief Operating Officer, will assume the additional role of Chief Financial Officer and Principal Financial Officer for the Company and the Bank as of that date.

Key Points: 
  • Jeffrey W. Farrar, Executive Vice President and Chief Operating Officer, will assume the additional role of Chief Financial Officer and Principal Financial Officer for the Company and the Bank as of that date.
  • His contributions to American National have positioned us well and we are grateful for the ten years he spent with us, continued Haley.
  • Farrar has more than twenty years of experience in community banking, most recently serving as Executive Vice President and Chief Financial Officer at Old Point Financial Corporation.
  • About American National Bankshares Inc.
    American National Bankshares Inc. (the Company) is a multi-state bank holding company with total assets of approximately $2.5 billion.

Nicolet Bankshares, Inc. Announces Third Quarter 2019 Earnings

Retrieved on: 
Tuesday, October 15, 2019
Economy, Money, Finance, Financial ratios, Nicolet Bankshares, Rate of return

GREEN BAY, Wis., Oct. 15, 2019 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet") announced third quarter 2019 net income of $13.5 million and earnings per diluted common share of $1.40, compared to $18.5 million and $1.91 for second quarter 2019, and $10.9 million and $1.09 for third quarter 2018, respectively.

Key Points: 
  • GREEN BAY, Wis., Oct. 15, 2019 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet") announced third quarter 2019 net income of $13.5 million and earnings per diluted common share of $1.40, compared to $18.5 million and $1.91 for second quarter 2019, and $10.9 million and $1.09 for third quarter 2018, respectively.
  • Annualized quarterly return on average assets was 1.73%, 2.46% and 1.45%, for third quarter 2019, second quarter 2019 and third quarter 2018, respectively.
  • Noninterest expense decreased $2.8 million (11%) from second quarter, due principally to $2.75 million of retirement-related compensation actions in second quarter.
  • Total capital was $428 million at September 30, 2019, an increase of $17 million or 4% since June 30, 2019, with strong third quarter earnings and positive net fair value investment changes.

Nicolet Bankshares, Inc. Announces Record Second Quarter 2019 Earnings And Acquisition

Retrieved on: 
Tuesday, July 16, 2019
Economy, Money, Finance, Financial ratios, Nicolet Bankshares, Rate of return

GREEN BAY, Wis., July 16, 2019 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet") announced record second quarter 2019 net income of $18.5 million and earnings per diluted common share of $1.91, compared to $10.3 million and $1.05 for first quarter 2019, and $9.7 million and $0.98 for second quarter 2018, respectively.

Key Points: 
  • GREEN BAY, Wis., July 16, 2019 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet") announced record second quarter 2019 net income of $18.5 million and earnings per diluted common share of $1.91, compared to $10.3 million and $1.05 for first quarter 2019, and $9.7 million and $0.98 for second quarter 2018, respectively.
  • Annualized quarterly return on average assets was 2.46%, 1.37% and 1.28%, for second quarter 2019, first quarter 2019 and second quarter 2018, respectively.
  • "Second quarter earnings were our best ever," said Bob Atwell, Chairman and CEO of Nicolet.
  • The provision for loan losses was $0.3 million for second quarter 2019 (covering $0.1 million net charge-offs), compared to $0.2 million (with negligible net recoveries) for first quarter 2019, and $0.5 million (covering $0.4 million net charge-offs) for second quarter 2018.