Brief: Nicolet Bankshares Continues Strategic Growth With Acquisition Of Charter Bankshares

Nicolet Bankshares

30/03/2022 13:48

March 30 (Reuters) - Nicolet Bankshares Inc  NCBS.O :
    * NICOLET BANKSHARES, INC. CONTINUES STRATEGIC GROWTH WITH
ACQUISITION OF CHARTER BANKSHARES, INC.
    * NICOLET BANKSHARES INC - NICOLET WILL ACQUIRE CHARTER AND
ITS
WHOLLY-OWNED BANKING SUBSIDIARY, CHARTER BANK
    * NICOLET BANKSHARES INC - CHARTER SHAREHOLDERS WILL RECEIVE
ABOUT
1.26 MILLION SHARES OF NICOLET, CASH PAYMENT OF ABOUT $38.8
MILLION
    * NICOLET BANKSHARES INC - MERGER CONSIDERATION IS VALUED AT
APPROXIMATELY $158 MILLION
    * NICOLET BANKSHARES INC - FIRST FULL YEAR (2023) EPS
ACCRETION IS
ESTIMATED IN HIGH-SINGLE DIGITS
    * NICOLET BANKSHARES INC - TRANSACTION IS EXPECTED TO BE
ACCRETIVE
TO NICOLET'S TANGIBLE BOOK VALUE PER SHARE
    * NICOLET BANKSHARES INC - EXPECTED TO APPOINT BRENDA L.
JOHNSON
TO BOARDS OF CO, NICOLET NATIONAL BANK
    * NICOLET BANKSHARES INC - KOHLER WILL JOIN NICOLET NATIONAL
BANK
AND WILL LEAD WESTERN WISCONSIN AND TWIN CITIES MARKETS

Source text for Eikon:  ID:nPn17xhcYa 
Further company coverage:  NCBS.O 

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