Posted: Thursday, May 2, 2013 9:02 am | Updated: 10:07 am, Thu May 2, 2013.
“A community bank is only as strong as the community it serves,” said Michael Daniels, president and chief operating officer of Green Bay-based Nicolet National Bank.[caption id="attachment_860" align="alignright" width="300" caption="Signage changes and the arrival of new ATM cards marked the merger of Mid-Wisconsin Bank and its investment center with Nicolet National Bank of Green Bay. New signs were installed at all branches by the start of business on Monday morning."][/caption]
Daniels co-founded Nicolet in 2000 along with his partner Bob Atwell, who serves as chairman and CEO of Nicolet, with that philosophy of service in mind. He explained what this means in practice is strong community banks must be at the heart of their community’s economic growth and be active in those communities.
Daniels was in Medford this week overseeing the changeover of the former Mid-Wisconsin Bank properties to Nicolet.
It was the end of one era and the beginning of a new one for banking in the Medford area this week as Mid-Wisconsin Bank locations closed their doors for the last time on Friday afternoon to reopen on Monday morning as part of Nicolet.“It is a new beginning,” Daniels said, describing it as a chance for the banking institution to move forward into the future.
As far as the Medford area, he sees opportunities for growth and expansion in the future and is coming out swinging for the fences to make that happen
The past few years have been rough ones for community banks around the country and in Wisconsin. As with many industries when faced with challenges, many financial institutions turned inward and contracted during the recession with the goal of surviving. Daniels described this as circling the wagons. By comparison, Nicolet grew during the recession and remains in a growth mode.
See this week’s issue of The Star News for more of the story.
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