M&A Deal Summary

Nicolet National Bank Acquires Advantage Community Bancshares

On March 2, 2020, Nicolet National Bank acquired financial services company Advantage Community Bancshares

Acquisition Highlights
  • This is Nicolet National Bank’s 6th transaction in the Financial Services sector.
  • This is Nicolet National Bank’s 6th transaction in the United States.
  • This is Nicolet National Bank’s 6th transaction in Wisconsin.

M&A Deal Summary
Date 2020-03-02
Target Advantage Community Bancshares
Sector Financial Services
Buyer(s) Nicolet National Bank
Deal Type Add-on Acquisition
Advisor(s) Wipfli Corporate Finance Advisors, LLC (Financial)
Boardman & Clark (Legal)

Target

Advantage Community Bancshares

Dorchester, Wisconsin, United States
Advantage Community Bancshares, Inc. is the bank holding company of Advantage Community Bank. The bank has total assets of approximately $150 million with offices in Wausau, Dorchester, Mosinee, and Edger, WI.

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Buyer(S) 1

Buyer

Nicolet National Bank

Green Bay, Wisconsin, United States
Category Company
Founded 2000
Sector Financial Services
Employees948
Revenue 277M USD (2023)
DESCRIPTION

Nicolet National Bank is a bank holding company of Nicolet National Bank full-service, community bank providing services ranging from commercial and consumer banking to wealth management and retirement plan services. Nicolet National Bank was founded in 2000 and is based in Green Bay, Wisconsin.

DEAL STATS #
Overall 6 of 8
Sector (Financial Services) 6 of 8
Type (Add-on Acquisition) 6 of 7
State (Wisconsin) 6 of 7
Country (United States) 6 of 8
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-17 Commerce Financial Holdings

West Bend, Wisconsin, United States

Commerce Financial Holdings, Inc. is the bank holding company of Commerce State Bank. Commerce State Bank is a full-service, the state-chartered bank has total assets of $708 million, making it the 32nd largest bank in the State of Wisconsin. Commerce State Bank is dedicated to helping communities through its Random Acts of Commerce program.

Buy $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 Mackinac Financial

Manistique, Michigan, United States

Formed in 1974, Mackinac Financial Corp. is headquartered in Manistique, Michigan, and has 28 branch locations; ten in the Upper Peninsula, ten in the Northern Lower Peninsula, one in Oakland County, Michigan, and seven in Northern Wisconsin. The Corporation's banking services include commercial lending and treasury management products and services geared toward small- to mid-sized businesses, as well as a full array of personal and business deposit products and consumer loans.

Buy $248M
Mergr

Product

Company

Legal