NCBS - Nicolet Bankshares optimizes strategy with sale of fifteen branches

Nicolet Bankshares (NASDAQ:NCBS) to reduce its total number of locations with the consolidation or closure of fifteen branches. The branches are anticipated to close on December 10, 2021.  In addition, subsidiary Nicolet National Bank entered into a definitive purchase and assumption agreement to sell its Birmingham, Michigan branch, including legacy mBank's asset-based lending team, to Bank of Ann Arbor. On September 3, 2021, company completed its merger with Mackinac Financial. Total consolidated assets of ~$6.1B. Mike Daniels, President and CEO commented, "As we stated in the mBank merger announcement, customers continue to tell and show us that convenience no longer means a branch on every corner.  Convenience is being redefined as a seamless, frictionless experience through all channels.  While we still view the branch system as an effective way to serve our customers, we also recognize the need to continue our investments in digital channels.  We intend to find the right balance of

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Nicolet Bankshares optimizes strategy with sale of fifteen branches