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Nicolet National Bank will acquire MidWestOne Bank in an all-stock deal valued at $864 million.

The combined bank will have approximately $15 billion in assets, 114 branches, and nearly 1,700 employees.

This acquisition will expand Nicolet's presence into Iowa and add locations in Minnesota and Colorado.

Green Bay-based Nicolet National Bank 's parent company will acquire Iowa-based MidWestOne Bank ’s holding company in an all-stock transaction valued at more than $864 million.

Nicolet Bankshares Inc. on Oct. 23 announced it will acquire MidWestOne Financial Group Inc., headquartered in Iowa City, and its roughly $6 billion in assets.

Terms of the deal call for MidWestOne shareholders to receive 0.3175 shares of Nicolet stock per one share they own. The total

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