Nicolet Bankshares Acquires Commerce Financial Holdings (Commerce State Bank)

Nicolet Bankshares Acquires Mackinac Financial Corporation (mBank)

April 12, 2021

Financial Services

Nicolet Bankshares, Inc. agreed to acquire Mackinac Financial Corporation and its wholly owned subsidiary mBank in a transaction valued at approximately $248 million. The deal, consisting of roughly 80% stock and 20% cash, expands Nicolet's community banking footprint into Northern Michigan and is expected to close in Q3 2021 subject to regulatory and shareholder approvals.

Nicolet Bankshares Acquires Advantage Community Bancshares

March 2, 2020

Financial Services

Nicolet Bankshares, Inc. (NASDAQ: NCBS) agreed to acquire Advantage Community Bancshares, Inc. and its banking subsidiary, Advantage Community Bank, in an all-cash transaction. The deal, which consolidates Nicolet’s presence in Central Wisconsin and expands its small-business and commercial banking footprint, was approved by both boards and expected to close in Q3 2020 subject to shareholder and customary approvals.

Nicolet Bankshares Acquires MidWestOne Financial Group in All-Stock Merger

February 17, 2026

Financial Services

Nicolet Bankshares, Inc. entered into a definitive all-stock merger agreement to acquire MidWestOne Financial Group, Inc. for approximately $864 million. The deal was completed in February 2026, with MidWestOne merging into Nicolet as the surviving corporation and MidWestOne Bank operating as a division of Nicolet pending a planned system conversion in August 2026.

City Holding Company Acquires Citizens Commerce Bancshares

March 10, 2023

Financial Services

City Holding Company (Nasdaq: CHCO) completed its acquisition of Citizens Commerce Bancshares, Inc., the parent of Citizens Commerce Bank of Versailles, Kentucky, effective March 10, 2023. The all-stock transaction was valued at approximately $62.1 million (exchange ratio: 0.1666 shares of City per share of Citizens) and merges Citizens Commerce Bank into City National Bank of West Virginia to strengthen City's presence in the Lexington, Kentucky MSA.

Commerce Bancshares Acquires FineMark Holdings in All-Stock Merger

January 1, 2026

Financial Services

Commerce Bancshares, Inc. entered into a definitive all-stock merger agreement to acquire FineMark Holdings, Inc. for approximately $585 million. The transaction received regulatory approvals and was approved by FineMark shareholders, and Commerce completed the acquisition on January 1, 2026.

Republic Bancorp Acquires CBank (and subsidiary Commercial Industrial Finance)

October 27, 2022

Financial Services

Republic Bancorp, Inc. agreed to acquire Cincinnati-based CBank and its wholly owned leasing subsidiary, Commercial Industrial Finance, Inc. (CIF), in an all-cash merger valued at approximately $51 million. The deal expands Republic Bank's Cincinnati footprint and significantly broadens its equipment leasing capabilities and national leasing footprint; the transaction closed after customary approvals and integration planning.