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Announced

Nicolet Bankshares to acquire Charter Bankshares for $158m.

Synopsis

Nicolet Bankshares, a US regional bank holding company, agreed to acquire Charter Bankshares, a bank holding company, for $158m. "Much like Nicolet, Charter has a history of serving its customers and a deep-rooted commitment to community banking. We have known and respected the leaders at Charter for a long time. Our banks are culturally similar in that we trust our local people to understand and serve the market. The magic of this opportunity is trust in the partnership and the people. This trust in a people-driven approach to the market has created shared success for Nicolet's customers, employees, and shareholders, as well as the communities we serve. We are optimistic about our future together, and we will work hard to ensure a smooth transition," Mike Daniels, Nicolet President and CEO.

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