Advantage Community Bancshares Announces Sale

March 18, 2020

Nicolet Bankshares, Inc. (NASDAQ: NCBS) (“Nicolet”) and Advantage Community Bancshares, Inc. (“Advantage”) jointly announced the execution of a definitive merger agreement, pursuant to which Nicolet will acquire Advantage and its wholly-owned banking subsidiary, Advantage Community Bank. Terms of the all-cash deal were not disclosed.

The transaction has been unanimously approved by the boards of directors of both companies. It is expected to close in the third quarter of 2020.

WCF Advisors is advising Advantage on the transaction. Boardman & Clark LLP is legal counsel.