Nicolet Bankshares to Acquire County Bancorp
The Barack Ferrazzano Financial Institutions Group is serving as legal counsel to County Bancorp Inc., (NASDAQ:ICBK) the parent company of Manitowoc-based Investors Community Bank, in its merger transaction with Nicolet Bankshares, Inc., (NASDAQ:NCBS). The announced agreement to acquire County Bancorp is valued at $219 million in cash and stock.
The merger will create the second-largest Wisconsin-headquartered bank, with pro forma assets of $7.5 billion and deposits of $6.3 billion and is expected to close in the fourth quarter of 2021.
"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," County Bancorp President Tim Schneider said in the press release.
Barack Ferrazzano's legal team is comprised of Robert M. Fleetwood, Emily N. Henkel and Nicholas M. Brenckman. Executive compensation was handled by Donald L. Norman and Andrew J. Gordon. Tax matters were handled by Michael J. Towne and Alice Lin.
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