MidwestOne Shareholders Prepare for Merger Completion

MidWestOne US5985111039

The proposed merger between MidwestOne Financial Group and Nicolet Bankshares is on the verge of being finalized. With shareholder and regulatory approvals secured last month, the legal completion of the deal is now imminent. This transaction will see investors transition into a significantly larger banking entity operating across the U.S. Midwest.

• Legal Closing Date: February 13
• Exchange Ratio: 0.3175 shares of Nicolet common stock for each share of MidwestOne
• Combined Entity Assets: Approximately $15 billion
• Systems Conversion Target: Third quarter of 2026

Following the closing this Friday, MidwestOne will initially operate as a division of Nicolet National Bank. The combined institution will establish a formidable regional presence spanning Iowa, Minnesota, and Wisconsin. Management aims to leverage the enhanced balance sheet strength to better navigate rising technology expenditures and the complexities of the current interest rate environment.

Integration Timeline and Sector Context

The operational integration process will commence after the legal close, extending into the fall. According to the established roadmap, the full technical systems conversion and brand transition are scheduled for completion by Q3 2026. The merger will conclude MidwestOne's independent status on public markets, representing another move in the ongoing consolidation trend within the U.S. regional banking sector. From the fourth quarter of 2026 onward, the unified company will function under a single brand and operate on a consolidated technology platform.

Final Financial Snapshot Highlights Asset Quality

Earlier this month, MidwestOne released its fourth-quarter 2025 earnings, providing a final standalone financial overview before integration. Market analysts scrutinized this report, paying particular attention to asset quality metrics and the stability of the net interest margin. These figures represent the core value the bank brings to the new partnership.

The fixed exchange ratio means MidwestOne shareholders will receive 0.3175 Nicolet Bankshares common shares for every share they own. A central question for the combined entity is whether its increased scale can effectively offset the mounting costs associated with digital banking infrastructure. The industry-wide push toward consolidation seeks to marry local decision-making with the advantages of a more substantial balance sheet.

@ boerse-global.de | US5985111039 MIDWESTONE