On June 27, 2019, a definitive agreement was signed to merge Choice Bancorp, Inc. with and into Nicolet Bankshares, Inc. Under terms of the agreement, Nicolet Bankshares, Inc. will acquire Choice Bancorp, Inc. by merger, with Nicolet being the surviving corporation. Full financial details can be found in the press release.
The immediate response is that it is business as usual for both of us.
There is a lot that will go on between now and the closing date.
There is nothing that the customer needs to do right now. It has been our experience when announcements like this are made, there is a feeling that customer accounts and/or services are impacted immediately. That is not the case. We expect our customers will see no difference in the level of service to which they are accustomed. Here are a few points of emphasis from our experience in bank mergers:
We are very early in the process of combining and many of the decisions that may impact customer accounts have yet to be researched and discussed, much less finalized.
The products and services that we offer are being looked at through the eyes of our customers.
As we move through this transaction, we will communicate any and all information that will impact a customer as soon as it is known.
"Choice is a local community bank that has maintained a deep longstanding relationship with their customers and shareholders. We are excited to welcome those customers and shareholders as our own."
Mike Daniels, President and CEO of Nicolet National Bank