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

Nicolet Bankshares completes MidWest One merger, adding about $6 billion in assets

Neutral Impact 4 of 5 m&a Written later

Nicolet Bankshares completed its merger with MidWest One Financial Group effective February 13, 2026, with MidWest One merging into Nicolet and issuing about 6.6 million Nicolet shares to MidWest One holders. The company said the deal adds about $6 billion in assets, raising total assets to about $15 billion, and the board was expanded to twelve members with four former MidWest One directors joining.

Key points

  • Merger effective February 13, 2026; each MidWest One share converted into 0.3175 Nicolet shares
  • About 6.6 million Nicolet shares issued, valued at $155.19 per share based on the February 13, 2026 NYSE closing price
  • Board set at twelve members: eight Nicolet directors and four former MidWest One directors (Tracy S. McCormick, Carl J. Chaney, Janet E. Godwin, Matthew J. Hayek)
  • MidWest One Bank will operate as a division until a planned system conversion in August 2026

The filing

CompanyNicolet Bankshares (NIC)
Form8-K, current report
Filed with the SECFeb 19, 2026, 6:32 PM ET
Accession number0001174850-26-000072

Items reported: 2.01 Acquisition or Disposition Completed5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing 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 February 19, 2026.

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