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September 24, 2015

Nicolet National Bank and Baylake Bank to keep all door county branches open after the merger

Nicolet National Bank (Nicolet) and Baylake Bank (Baylake) announce that the Door County branch locations will remain open after the closing of the merger. On September 8, 2015, Nicolet Bankshares, Inc. (OTCQB: NCBS) and Baylake) announced the signing of a definitive agreement to merge.

By Vinod

The Door County locations include Brussels, Egg Harbor, Ellison Bay, Fish Creek, Sister Bay, Sturgeon Bay- Main, Sturgeon Bay-West Side and Washington Island. The merger between Nicolet Bankshares, Inc. and Baylake Corp. is expected to close in the first half of 2016. After closing, the branches will operate under the Nicolet National Bank name.

Rob Cera, CEO of Baylake said: "We know it is a bit unusual to announce branch and staff structure so soon after a merger announcement. We are trying to alleviate certain anxiety about the merger as quickly as possible, both internally and externally."

Mike Gilson, Baylake Market President commented, "Door County has been and will continue to be very important to the success of the combined bank. We want to reaffirm our commitment to Door County while preserving our 140 year partnership with the community."

Mike Daniels, President of Nicolet National Bank noted, "Providing continuity of excellent customer service is very important to us. The branches will remain open and the people who take care of the customers will be there on day one. We understand that actions speak louder than words. Today is the first step in taking action on our commitment to Door County."

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