M&A Deal Summary

Nicolet National Bank Acquires Commerce Financial Holdings

On February 17, 2020, Nicolet National Bank acquired financial services company Commerce Financial Holdings for 130M USD

Acquisition Highlights
  • This is Nicolet National Bank’s 5th transaction in the Financial Services sector.
  • This is Nicolet National Bank’s 2nd largest (disclosed) transaction.
  • This is Nicolet National Bank’s 5th transaction in the United States.
  • This is Nicolet National Bank’s 5th transaction in Wisconsin.

M&A Deal Summary
Date 2020-02-17
Target Commerce Financial Holdings
Sector Financial Services
Buyer(s) Nicolet National Bank
Deal Type Add-on Acquisition
Deal Value 130M USD
Advisor(s) Hillworth LLC (Financial)
Reinhart Boerner Van Deuren (Legal)

Target

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.

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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 5 of 8
Sector (Financial Services) 5 of 8
Type (Add-on Acquisition) 5 of 7
State (Wisconsin) 5 of 7
Country (United States) 5 of 8
Year (2020) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 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.

Buy -
Mergr

Product

Company

Legal