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Nicolet Bankshares merger with Midwest One Financial finalized

Feb 19, 2026 | 3:02 PM

A merger between two Midwest banking companies is complete. Nicolet Bankshares, the Green Bay-based bank holding company of Nicolet National Bank, announced Tuesday its merger with Midwest One Financial Group headquartered in Iowa City has been finalized. The merger will have over 50 Midwest One locations in western Wisconsin, Iowa, Minnesota and Denver, Colorado transitioning to the Nicolet brand and digital banking platform by August of this year. Nicolet National Bank has branches in Wisconsin, Michigan, Minnesota, and Iowa. The merger will add around $6 billion to Nicolet’s total assets.