Nicolet to rebrand 13 Twin Cities branches
Nicolet Bank will acquire MidWestOne Bank in an $864 million merger and rebrand MidWestOne’s 13 Twin Cities branches, significantly expanding its presence beyond its current two metro locations. The combined entity’s CEO said Friday that the Minneapolis–Saint Paul region will be a primary growth market, with potential for additional acquisitions.
📌 Key Facts
- Deal value: $864 million merger between Nicolet Bank and MidWestOne Bank
- 13 MidWestOne branches in the Twin Cities will be renamed under Nicolet
- Nicolet currently has two metro locations; CEO calls the Twin Cities a primary growth market and signals possible further acquisitions