Nelson Mullins represented Nicolet Bankshares, Inc. (NYSE: NIC) in its recently announced merger with MidWestOne Financial Group, Inc. (NASDAQ: MOFG). The transaction, valued at approximately $864 million, will create a premier community banking franchise across the Upper Midwest, with pro forma assets of $15.3 billion.

The Nelson Mullins team advising Nicolet was led by Robert Klingler with assistance from Gary Brown, Maurice Holloway, Crystal Huffman, Robert Lindsay, and Ann Murray. 

Under the terms of the agreement, Nicolet will acquire all outstanding shares of MidWestOne in an all-stock transaction, with MidWestOne shareholders receiving 0.3175 shares of Nicolet common stock.  The transaction is expected to close in the first half of 2026, subject to customary regulatory and shareholder approvals.

Keefe, Bruyette & Woods, A Stifel Company served as financial advisor and provided a fairness opinion to the Board of Directors of Nicolet. Piper Sandler & Co. served as financial advisor and provided a fairness opinion to the Board of Directors of MidWestOne, and Alston & Bird LLP served as legal counsel to MidWestOne.

For the official press release, click here.