Termination of Merger AgreementTermination of Merger Agreement • May 18th, 2020 • Nicolet Bankshares Inc • National commercial banks
GREEN BAY, WI, May 18, 2020 - As previously reported, on February 17, 2020, Nicolet Bankshares, Inc. (NASDAQ: NCBS) (“Nicolet”) and Commerce Financial Holdings, Inc. (“Commerce”) entered into a definitive merger agreement (“Merger Agreement”), pursuant to which Nicolet would acquire Commerce and its wholly-owned banking subsidiary, Commerce State Bank (“Commerce Bank”). For the reasons and on the terms set forth below, on May 18, 2020, Nicolet and Commerce mutually agreed to terminate the Merger Agreement.
TERMINATION OF MERGER AGREEMENTTermination of Merger Agreement • May 18th, 2020 • Nicolet Bankshares Inc • National commercial banks • Wisconsin
This TERMINATION OF MERGER AGREEMENT (this “Agreement”) dated May 18, 2020, is between Nicolet Bankshares, Inc., a Wisconsin corporation (“Nicolet”), and Commerce Financial Holdings, Inc., a Wisconsin corporation (the “Company”).
