Recently, a definitive agreement was signed to merge Commerce Financial Holdings, Inc. with and into Nicolet Bankshares, Inc. Under terms of the agreement, Nicolet Bankshares, Inc. will acquire Commerce Financial Holdings, Inc. As a result, Commerce State Bank will become a part of Nicolet National Bank.
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 you need 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 customers will see no difference in the level of service to which they are accustomed.
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.
The products and services that Nicolet Bank offers are being looked at through the eyes of our customers.
We will communicate any and all information that will impact you as soon as it is known.
"We are excited to partner with great people who have a purpose very complementary to ours: to serve our customers, shareholders, and each other."
Mike Daniels, President and CEO of Nicolet National Bank