MidWest One Financial Group Acquired by Nicolet Bankshares | Financial Services M&A Deal

Nicolet Bankshares has completed the acquisition of MidWest One Financial Group, a banking business in Wisconsin, for $1.0 billion. Nicolet Bankshares acquisitions expand community banking in the Upper Midwest by adding MidWest One Financial Group’s $6.1 billion in total assets, $4.4 billion in loans, and $5.3 billion in deposits. The MidWest One Financial Group acquisition strengthens Nicolet’s deposit base and lending footprint across Wisconsin, supporting growth in financial services M&A and merger acquisition strategy. The strategic acquisition closed on February 13, 2026, with MidWest One shareholders receiving 0.3175 shares of Nicolet common stock for each share held, reflecting a strategic acquisition structure and merger acquisition terms.