M&A Deal Summary

Nicolet National Bank Acquires Choice Bancorp

On June 27, 2019, Nicolet National Bank acquired financial services company Choice Bancorp

Acquisition Highlights
  • This is Nicolet National Bank’s 4th transaction in the Financial Services sector.
  • This is Nicolet National Bank’s 4th transaction in the United States.
  • This is Nicolet National Bank’s 4th transaction in Wisconsin.

M&A Deal Summary

Date 2019-06-27
Target Choice Bancorp
Sector Financial Services
Buyer(s) Nicolet National Bank
Deal Type Add-on Acquisition
Advisor(s) Stephens Investment Banking (Financial)
Reinhart Boerner Van Deuren (Legal)

Target

Choice Bancorp

Oshkosh, Wisconsin, United States
Choice Bancorp, Inc. is a $441 million bank holding company headquartered in Oshkosh, Wisconsin. Choice's wholly-owned bank subsidiary, Choice Bank, is a full-service community-oriented commercial bank that was chartered in 2006 and has two branches in Oshkosh, Wisconsin.

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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 4 of 8
Sector (Financial Services) 4 of 8
Type (Add-on Acquisition) 4 of 7
State (Wisconsin) 4 of 7
Country (United States) 4 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 First Menasha Bancshares

Neenah, Wisconsin, United States

First Menasha Bancshares, Inc. is a $476 million single-bank holding company headquartered in Neenah, Wisconsin. First Menasha's wholly-owned bank subsidiary, The First National Bank - Fox Valley, was chartered in 1887 and has five branches in the Fox Valley region of Wisconsin.

Buy -
FOLLOWING 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