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June 02, 2015 5:55 AM ET

Banks

Company Overview of Nicolet Bankshares Inc.

Company Overview

Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides commercial and consumer banking services for businesses and individuals in Northeast and Central Wisconsin and the upper peninsula of Michigan. It accepts various deposit products, including checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. The company also offers commercial loans comprising commercial and industrial business, owner-occupied commercial real estate, and agricultural production and real estate loans; commercial real estate loans, such as commercial investment real estate, and construction and land development loa...

111 North Washington Street

Green Bay, WI 54301

United States

Founded in 2000

286 Employees

Phone:

920-430-1400

Key Executives for Nicolet Bankshares Inc.

Chairman, Chief Executive Officer, President, Member of Executive Committee, Chief Executive Officer of Nicolet National Bank, Chairman of Nicolet National Bank and Director of Nicolet National Bank
Age: 56
Total Annual Compensation: $560.0K
Chief Financial Officer and Chief Financial Officer of Nicolet National Bank
Age: 53
Total Annual Compensation: $231.5K
Secretary, Director, Member of Executive Committee, Chief Operating Officer of Nicolet National Bank, President of Nicolet National Bank and Director of Nicolet National Bank
Age: 49
Total Annual Compensation: $472.0K
Compensation as of Fiscal Year 2013.

Nicolet Bankshares Inc. Key Developments

Nicolet Bankshares Issues Additional $2 Million in Subordinated Note in Private Placement

Nicolet Bankshares Inc. on April 28 issued $2 million in principal amount of a subordinated note to an accredited institutional investor in a private placement. The note matures April 28, 2025, and bears a fixed interest rate of 5% per year, payable quarterly on March 31, June 30, Sept. 30 and Dec. 31 of each year, beginning June 30. The notes are not convertible into common stock or preferred stock and are intended to qualify as Tier 2 capital for regulatory purposes. Pursuant to the terms of agreement, the company has the right to prepay the note, in whole or in part, without premium or penalty, at any time on or after April 28, 2020, and prior to the maturity date, plus all accrued and unpaid interest. The company intends to use the proceeds from the private placement, net of commissions and expenses, for general corporate purposes, which may include the redemption of preferred stock, repurchases of common stock and expansion of the company's franchise through acquisition. The terms of the note are comparable to previously issued notes dated Feb. 17.

Nicolet Bankshares Inc. Announces Earnings Results for the First Quarter Ended March 31, 2014

Nicolet Bankshares Inc. announced earnings results for the first quarter ended March 31, 2014. For the quarter, net income available to common shareholders was $3,019,000 or $0.70 per diluted common share. A year ago, first quarter net income available to common shareholders was $2,153,000 or $0.50 per diluted common share. Net interest income was $11,003,000 against $9,980,000 a year ago, on a similar average earning asset base, and benefiting from a stronger mix in loans. Book value per common share was $22.20 per common share at March 31, 2015, $0.86 or 4% higher than $21.34 at year end 2014, and $2.67 or 14% higher than a year ago, benefiting from both retained earnings and lower outstanding shares. Tangible book value per common share was $21.07 per common share at March 31, 2015 against $20.15 as at December 31, 2015.

Ambassador Financial Group, Inc. Announces $8 Million Private Placement of Subordinated Debt on Behalf of Nicolet Bankshares, Inc

Ambassador Financial Group Inc. announced the successful completion of an $8 million private placement of subordinated notes for Nicolet Bankshares Inc. The interest bearing notes, placed with accredited institutional investors, have a maturity date of February 17, 2025, carry a 5% interest rate, to be paid quarterly, with a right of prepayment on or after February 17, 2020.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 28, 2015
--
Private Placement
February 17, 2015
--
 

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