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# Nicolet Bankshares Completes Merger with MidWestOne Financial Group, Creating a $15 Billion Upper Midwest Community Bank
- URL: https://www.theglobalbanker.com/nicolet-bankshares-completes-merger-midwestone-financial-group-15-billion/
- Published: 2026-02-17T14:37:00.000Z
- Updated: 2026-10-02T14:31:52.000Z
- Description: Nicolet Bankshares has completed its merger with MidWestOne Financial Group, creating an Upper Midwest community bank with ~$15 billion in assets and more than $9 billion in wealth assets under administration.
- Author: TGB Editorial Team
- Tags: M&A, Americas, #archive

Nicolet Bankshares has completed its merger with MidWestOne Financial Group, with MidWestOne's banking subsidiary merging into Nicolet National Bank effective 13 February 2026\. The transaction combines the two institutions' operations across Wisconsin, Michigan, Minnesota, Iowa and Colorado into a single integrated franchise with approximately $15 billion in total assets.

Under the terms of the merger, MidWestOne Financial Group was absorbed into Nicolet Bankshares at the holding company level, while MidWestOne Bank was simultaneously merged into Nicolet National Bank, consolidating the two banking entities into a unified commercial banking operation under a single charter. The combined institution also holds more than $9 billion in wealth assets under administration.

#### COMBINED FOOTPRINT

The merger extends Nicolet's geographic footprint across the Upper Midwest and into Denver. Wisconsin has historically been the core of Nicolet's banking operations, while MidWestOne contributed a commercial and retail banking presence in Iowa, plus operations in the Twin Cities, Western Wisconsin and Denver.