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AI brief of an SEC Form 8-K · Nicolet Bankshares (NIC)

Nicolet Bankshares agrees to acquire MidWest One in $864 million all-stock deal

Neutral Impact 5 of 5 m&a Written later

Nicolet Bankshares and MidWest One Financial Group signed a merger agreement under which MidWest One will merge into Nicolet in an all-stock transaction. MidWest One shareholders would receive 0.3175 of a Nicolet share for each MidWest One share, and the shares issued are expected to make up 30% of the combined company, so existing Nicolet shareholders would hold a smaller share of the company after closing. The deal requires approval from both companies' shareholders and regulatory approvals, and the companies expect it to close in the first half of 2026.

Key points

  • Exchange ratio of 0.3175 Nicolet share per MidWest One share, valued at about $41.37 per share based on Nicolet's $130.31 close on October 22, 2025
  • Aggregate merger consideration valued at approximately $864 million
  • Combined company's pro forma total assets are $15.3 billion as of September 30, 2025; MidWest One shareholders would own 30% of the combined company
  • Expected closing in the first half of 2026; joint conference call set for 9:00 a.m. Central Time on October 24, 2025

The filing

CompanyNicolet Bankshares (NIC)
Form8-K, current report
Filed with the SECOct 23, 2025, 4:16 PM ET
Accession number0001174850-25-000055

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.