M&A Deal Summary

Nicolet National Bank Acquires Mackinac Financial

On April 12, 2021, Nicolet National Bank acquired financial services company Mackinac Financial for 248M USD

Acquisition Highlights
  • This is Nicolet National Bank’s 7th transaction in the Financial Services sector.
  • This is Nicolet National Bank’s largest (disclosed) transaction.
  • This is Nicolet National Bank’s 7th transaction in the United States.
  • This is Nicolet National Bank’s 1st transaction in Michigan.

M&A Deal Summary
Date 2021-04-12
Target Mackinac Financial
Sector Financial Services
Buyer(s) Nicolet National Bank
Deal Type Add-on Acquisition
Deal Value 248M USD
Advisor(s) Piper Sandler & Co. (Financial)
Honigman (Legal)

Target

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.

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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 7 of 8
Sector (Financial Services) 7 of 8
Type (Add-on Acquisition) 7 of 7
State (Michigan) 1 of 1
Country (United States) 7 of 8
Year (2021) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Investors Community Bank

Manitowoc, Wisconsin, United States

Formed in 1996, Investors Community Bank provides financial services to agricultural businesses statewide, with a primary focus on dairy-related lending. It also serves business and retail customers throughout Wisconsin, with a focus on northeastern and central Wisconsin. Investors Community Bank's customers are served from its full-service locations in Manitowoc, Appleton, Green Bay, and Stevens Point and its loan production offices in Darlington, Eau Claire, Fond du Lac, and Sheboygan.

Buy -
Mergr

Product

Company

Legal