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March 30, 2022

Team Assists Nicolet Bankshares in Definitive Merger Agreement to Acquire Charter Bankshares

Nelson Mullins client Nicolet Bankshares, Inc., the holding company for Nicolet National Bank headquartered in Green Bay, Wisconsin, signed a definitive merger agreement March 29 to acquire Charter Bankshares, Inc. and its subsidiary, Charter Bank with approximately $1.1 billion in assets, headquartered in Eau Claire, Wisconsin. Total merger consideration is approximately $148 million in a mix of Nicolet stock and cash. Nicolet meaningfully expanded into northern Michigan last year, and this acquisition will expand Nicolet into Minnesota with two branches serving the Minneapolis and St. Paul areas. 

The Nelson Mullins team representing Nicolet was led by Robert Klingler and John Willis. The team had assistance from Ann Murray, Maurice Holloway, Allie Nagy, Gary Brown, Rusty Melges, and Jason Hodges.