Nicolet Bankshares, a bank holding company, agreed to acquire Mackinac Financial, a bank holding company, for $248m. The transactions is expected to close in the third quarter of 2021. "The acquisition of mBank is an important step in Nicolet's planned growth. This deal is not about expanded geographies but rather about the characteristics of the communities we will serve. Together, we will combine two organizations that understand the positive impact that a strong community bank can make. We look forward to becoming an integral part of the Upper Peninsula and Northern Michigan," Mike Daniels, Nicolet President and CEO.