.
MergerLinks Header Logo

New Deal


Announced

Nicolet Bankshares to acquire Charter Bankshares for $158m.

Financials

Edit Data
Transaction Value£120m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

bank holding company

Banks

Merger

Private

Single Bidder

Friendly

Domestic

Pending

United States

Acquisition

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US