Nicolet Bankshares, Inc. Continues Strategic Growth with Acquisition of Charter Bankshares, Inc.

Provided By PR Newswire

Last update: Mar 30, 2022

GREEN BAY, Wis. and EAU CLAIRE, Wis., March 30, 2022 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet") and Charter Bankshares, Inc., ("Charter") today jointly announced the execution of a definitive merger agreement. Under terms of the agreement, Nicolet will acquire Charter and its wholly-owned banking subsidiary, Charter Bank. Charter is a $1.1 billion bank headquartered in Eau Claire, Wisconsin, with offices in Chetek, Wisconsin and Chanhassen and Chaska, Minnesota. A new office is currently being built in Chippewa Falls, Wisconsin.