Press release
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Nicolet BANKSHARES , INC . , COUNTY BANCORP , INC . Parent company of Investors Community Bank FOR IMMEDIATE RELEASE Exhibit 99.1 Nicolet Bankshares , Inc. To Acquire County Bancorp , Inc. GREEN BAY , WI and MANITOWOC , WI , June 22 , 2021 - Nicolet Bankshares , Inc. ( NASDAQ : NCBS ) ( " Nicolet " ) and County Bancorp , Inc. , ( NASDAQ : ICBK ) ( “ County " ) today jointly announced the execution of a definitive merger agreement pursuant to which Nicolet will acquire County and its wholly - owned banking subsidiary , Investors Community Bank ( " Investors " ) . Based on the financial results as of March 31 , 2021 , the combined company will have pro forma total assets of $ 7.5 billion , deposits of $ 6.3 billion , and loans of $ 4.9 billion , inclusive of Nicolet's prior acquisition announcement of Mackinac Financial Corporation on April 12 , 2021 . Mike Daniels , President and CEO of Nicolet , said , " We are excited about the potential of combining Nicolet and Investors to serve our customers and communities . Our collective founder - entrepreneurial mindset makes for a distinctive culture that resonates with our employees and customers . One of the goals of every acquisition is to find better ways to serve communities . This partnership is an intentional , strategic move to become the premier agriculture lender throughout Wisconsin . We are excited about adding the expertise and specialized knowledge of the banking team from Investors , who , like our current agriculture lenders , have boots in the driveways . Long term , combining our operations will create a stronger community bank . " Tim Schneider , President of County , said , " Nicolet is a like - minded partner who shares our focus on people , community , and serving the customer . With the added scale and capital of Nicolet , this partnership will rapidly accelerate our ability to serve existing customers and build new relationships . I am very optimistic about where we can go as a combined company . Our similar cultures and values should lead to a smooth transition for our employees and customers . We remain committed to the markets and industries we serve , especially the dairy sector , and above all , keeping banking local . " Bob Atwell , Chairman of Nicolet , said , " While some could view this as merely a market infill deal that diversifies our lending revenue , we believe it is more accurate to say this transaction better aligns our lending portfolio with the economic structure of our region . Agricultural