Hunter
10/24/25
Wisconsin-based Nicolet National Bank’s parent company has announced they’re purchasing Iowa-based MidWestOne Bank’s holding company in an all-stock transaction valued at over $864 million.
The Press Citizen reports Nicolet Bankshares Inc. made the announcement after the stock market closed Thursday. They will acquire MidWestOne Financial Group Inc., headquartered in Iowa City, and its roughly $6 billion in assets.
Both holding companies’ boards approved the acquisition in separate votes earlier this week. The acquisition is expected to close in the first half of 2026.
A joint conference between the two banks will be held at 9 this morning.
