Nicolet Bankshares Acquires Mackinac Financial Corporation (mBank)

Nicolet Bankshares Acquires MidWestOne Financial Group

February 17, 2026

Financial Services

Nicolet Bankshares, Inc. completed its merger with MidWestOne Financial Group, Inc., with MidWestOne merged into Nicolet and operating as a division of Nicolet National Bank until a planned system conversion in August 2026. The deal adds roughly $6 billion in assets, bringing Nicolet's pro forma assets to approximately $15 billion and expands Nicolet’s branch footprint across Iowa, the Twin Cities, Western Wisconsin, and Denver.

Nicolet Bankshares Acquires Commerce Financial Holdings (Commerce State Bank)

February 17, 2020

Financial Services

Nicolet Bankshares, Inc. agreed to acquire Commerce Financial Holdings, Inc. and its wholly owned subsidiary Commerce State Bank in a stock-for-stock merger, with Nicolet as the surviving corporation. The transaction, valued at approximately $129.6 million (based on Nicolet's share price at announcement), expands Nicolet's assets and branch footprint in Wisconsin and is expected to close in Q3 2020 subject to shareholder and regulatory approvals.

Nicolet Bankshares Acquires Advantage Community Bancshares

March 2, 2020

Financial Services

Nicolet Bankshares, Inc. (NASDAQ: NCBS) agreed to acquire Advantage Community Bancshares, Inc. and its banking subsidiary, Advantage Community Bank, in an all-cash transaction. The deal, which consolidates Nicolet’s presence in Central Wisconsin and expands its small-business and commercial banking footprint, was approved by both boards and expected to close in Q3 2020 subject to shareholder and customary approvals.

First Bancorp of Taylorville, Inc. Acquires Mackinaw Valley Financial Services, Inc.

April 23, 2021

Financial Services

First Bancorp of Taylorville, Inc., parent of First National Bank in Taylorville, has entered into an agreement to acquire Mackinaw Valley Financial Services, Inc., the parent company of First Security Bank. The transaction expands First National Bank in Taylorville's branch footprint into Tazewell and McLean counties (adding offices in Mackinaw, Danvers and Deer Creek) and increases combined assets to approximately $310 million; closing is expected in the second half of 2021 subject to shareholder and regulatory approvals.

Lake Michigan Credit Union Acquires Pilot Bancshares (Pilot Bank & NAFCO)

June 16, 2021

Financial Services

Lake Michigan Credit Union (LMCU) agreed to acquire Pilot Bancshares, Inc., the holding company for Tampa-based Pilot Bank and National Aircraft Finance Company, in an all-cash transaction that will pay Pilot shareholders $6.25 per share. The deal expands LMCU’s Florida footprint to 19 branches and adds Pilot’s aircraft finance and SBA origination capabilities, increasing LMCU’s total assets and deposit base in the state.

First Financial Bancorp Acquires BankFinancial Corporation

January 1, 2026

Financial Services

First Financial Bancorp completed its all-stock acquisition of Chicago-based BankFinancial Corporation, adding 18 retail financial centers and expanding First Financial’s presence in the Chicago market. The acquisition brings BankFinancial’s commercial lending, equipment finance and deposit franchise onto First Financial’s platform and increases the combined company’s assets to approximately $22 billion.