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# Nicolet Bankshares Agrees USD 864 Million All-Stock Merger with MidWestOne Financial Group
- URL: https://www.theglobalbanker.com/nicolet-bankshares-864-million-all-stock-merger-midwestone-financial-group/
- Published: 2025-10-23T14:59:00.000Z
- Updated: 2026-10-02T14:11:57.000Z
- Description: Nicolet Bankshares and MidWestOne Financial Group have agreed an all-stock deal worth approximately USD 864 million.
- Author: TGB Editorial Team
- Tags: M&A, Americas, #archive

Nicolet Bankshares has agreed to acquire MidWestOne Financial Group in an all-stock transaction valued at approximately USD 864 million, the two companies announced on 23 October 2025\. The deal would bring together two community banking franchises in the Upper Midwest of the United States, producing a combined institution with roughly USD 15 billion in assets.

Under the terms of the agreement, MidWestOne shareholders will receive 0.3175 of a Nicolet share for each MidWestOne share they hold, equating to approximately USD 41.37 per share based on the pricing at announcement. 

#### THE TWO BANKS

Nicolet Bankshares is headquartered in Wisconsin. MidWestOne is headquartered in Iowa. 

#### TIMELINE AND REGULATORY PATH TO CLOSE

The transaction is expected to close in the first half of 2026, subject to approval from the shareholders of both companies as well as regulatory clearances from the relevant federal and state banking authorities.