Brief: Nicolet Bankshares, Inc. To Acquire County Bancorp, Inc.

Nicolet Bankshares

22/06/2021 16:00

June 22 (Reuters) - County Bancorp Inc  ICBK.O :
    * NICOLET BANKSHARES, INC. TO ACQUIRE COUNTY BANCORP, INC.
    * COUNTY BANCORP INC - COMBINED COMPANY WILL HAVE PRO FORMA
TOTAL
ASSETS OF $7.5 BILLION
    * COUNTY BANCORP INC - COMBINED COMPANY WILL HAVE PRO FORMA
TOTAL
ASSETS OF $7.5 BILLION, DEPOSITS OF $6.3 BILLION, AND LOANS OF
$4.9 BILLION
    * COUNTY BANCORP - COUNTY SHAREHOLDER ELECTIONS WILL BE
PRORATED
TO ENSURE CONSIDERATION WILL CONSIST OF ABOUT 20% CASH AND ABOUT
80% NICOLET STOCK
    * COUNTY BANCORP INC - NICOLET WILL APPOINT A MEMBER OF
COUNTY'S
CURRENT BOARD OF DIRECTORS TO BOARDS OF DIRECTORS OF NICOLET
    * COUNTY BANCORP INC - COUNTY SHAREHOLDERS HAVE RIGHT TO
RECEIVE
FOR EACH SHARE EITHER CASH OF $37.18/SHARE OF CO OR 0.48 SHARES
OF NICOLET
    * COUNTY BANCORP INC - MERGER CONSIDERATION IS VALUED AT
ABOUT
$219 MILLION
    * COUNTY BANCORP INC - FIRST FULL YEAR EARNINGS (2022) PER
SHARE
ACCRETION IS ESTIMATED IN MID-SINGLE DIGITS
    * COUNTY BANCORP INC - TANGIBLE BOOK VALUE PER SHARE
DILUTION OF
1.2% IS EXPECTED TO BE EARNED BACK IN APPROXIMATELY 1.4 YEARS

Source text for Eikon:  ID:nGNXbBdmjy 
Further company coverage:  ICBK.O 

 ((Reuters.Briefs@thomsonreuters.com;))