MidWestOne Financial completes merger with Nicolet Bankshares, delists from Nasdaq
#MidWestOne Financial #Nicolet Bankshares #Merger #Nasdaq delisting #Banking consolidation #SEC filing #Corporate restructuring #Stock conversion
📌 Key Takeaways
- MidWestOne Financial completed merger with Nicolet Bankshares on February 13, 2026
- MidWestOne's stock was delisted from Nasdaq following the merger
- Each MidWestOne share converted to 0.3175 shares of Nicolet common stock
- Four MidWestOne directors joined expanded Nicolet Board of Directors
- MidWestOne ceased to exist as separate legal entity
📖 Full Retelling
MidWestOne Financial Group, Inc. completed its merger with Nicolet Bankshares, Inc. on February 13, 2026, resulting in the delisting of MidWestOne's common stock from the Nasdaq Stock Market, as stipulated in the merger agreement originally signed on October 23, 2025. The merger agreement specified that each share of MidWestOne common stock outstanding immediately before the merger was converted into the right to receive 0.3175 shares of Nicolet common stock. Additionally, MidWestOne's banking subsidiary, MidWestOne Bank, merged with Nicolet's subsidiary, Nicolet National Bank, with Nicolet National Bank remaining as the surviving banking entity. As a result of the transaction, MidWestOne no longer meets the listing requirements of the Nasdaq Stock Market, prompting the company to notify Nasdaq to suspend trading and remove its common stock listing effective as of the merger's completion. With the completion of the merger, all directors and executive officers of MidWestOne ceased their roles, and the Nicolet Board of Directors was expanded to twelve members, consisting of eight directors from Nicolet and four from MidWestOne: Tracy S. McCormick, Carl J. Chaney, Janet E. Godwin, and Matthew J. Hayek, who will serve on various board committees and receive compensation consistent with other non-employee directors.
🏷️ Themes
Mergers and Acquisitions, Banking Industry, Regulatory Compliance, Corporate Governance
📚 Related People & Topics
Merge
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### Merge The term **merge** or **merger** refers to the recombination, joining, or fusion of two or more entities into a single unit. It is utilized across various disciplines, including business, linguistics, technology, and science. --- #### 1. Business and Economics * **Mergers and Acquisit...
Nicolet Bankshares
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
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Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold prices edge higher; U.S.-Iran tensions provide support Private credit jitters; U.S. PCE, GDP data ahead - what’s moving markets Nvidia and OpenAI close to finalizing smaller, $30 bln investment- FT U.S. military operation in Iran "likely at this stage," Raymond James says (South Africa Philippines Nigeria) MidWestOne Financial completes merger with Nicolet Bankshares, delists from Nasdaq By Investing.com SEC Filings Published 02/20/2026, 06:20 AM MidWestOne Financial completes merger with Nicolet Bankshares, delists from Nasdaq 0 NIC 3.37% MidWestOne Financial Group, Inc. (NASDAQ:MOFG) completed its previously announced merger with Nicolet Bankshares , Inc. on February 13, 2026, according to a statement provided in a recent SEC filing. Under the terms of the merger agreement dated October 23, 2025, MidWestOne merged with and into Nicolet, with Nicolet as the surviving corporation. Immediately following the merger, MidWestOne’s banking subsidiary, MidWestOne Bank, merged with Nicolet’s subsidiary, Nicolet National Bank, which remains the surviving bank. As a result of the transaction, each share of MidWestOne common stock outstanding immediately before the merger was converted into the right to receive 0.3175 shares of Nicolet common stock. Following the merger, MidWestOne no longer meets the listing requirements of the Nasdaq Stock Market. The company notified Nasdaq to suspend trading and remove its common stock listing effective as of the merger’s completion. Nasdaq is expected to file a notification with the Securities and Exchange Commission to delist and deregister all shares of MidWestOne common stock. Nicolet, as the successor, intends to file for the termination of registration and suspension of reporting obligations for MidWestOne common stock under the Securities Exchange Act. At the time the merger became effective, all directors and executive officers of MidWestOne ceased their roles. The Nic...
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