GREEN BAY, Wis., April 13, 2016 /PRNewswire/ -- Nicolet
Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet"), and Baylake Corp.
(NASDAQ: BYLK) ("Baylake") announce that at separate special
shareholder meetings, which were held on April 12, 2016, the shareholders of both Nicolet
and Baylake approved the proposed merger of Baylake with and into
Nicolet. Of the votes casted, approximately 90% of the
Nicolet and Baylake shareholders voted in favor of the
merger. The companies have set a closing date of April 29, 2016, at which point, Baylake's systems
and signs will change to the Nicolet brand.
"We are pleased that the shareholders of each bank have approved
the merger," said Bob Atwell,
Chairman and CEO of Nicolet. "We are ready to show the communities
we serve what 'Better Together' means."
Rob Cera, CEO Of Baylake said,
"We are encouraged by the overwhelming support and vote of
confidence from our shareholders who believe, as we do, that this
merger creates the best and strongest community bank platform in
Wisconsin, providing us with
increased market share, continued unmatched customer service and
substantial synergies. We look forward to working together as
one $2.3 billion bank and are
confident in the future opportunities for our employees, customers,
shareholders and the communities we serve."
About Nicolet Bankshares, Inc.
Nicolet Bankshares, Inc. is the bank holding company of
Nicolet National Bank, a growing,
full-service, community bank providing services ranging from
commercial and consumer banking to wealth management and retirement
plan services. Founded in Green
Bay in 2000, Nicolet National
Bank operates branches in Northeast and Central Wisconsin and the upper peninsula of
Michigan. More information can be found at
www.nicoletbank.com.
About Baylake Corp.
Baylake Corp., headquartered in Sturgeon Bay, Wisconsin, is the bank holding
company for Baylake Bank. Through Baylake Bank, Baylake Corp.
provides a variety of banking and financial services from financial
centers located throughout Northeast
Wisconsin, in Brown,
Door, Kewaunee, Manitowoc and Outagamie Counties. More
information can be found at www.baylake.com.
Forward-Looking Statements
This news release contains forward-looking statements
within the meaning of the federal securities law. Statements
in this release that are not strictly historical are
forward-looking and based upon current expectations that may differ
materially from actual results. These forward-looking
statements, identified by words such as "will", "expect", "believe"
and "prospects", involve risks and uncertainties that could cause
actual results to differ materially from those anticipated by the
statement made herein. These risks and uncertainties include,
but are not limited to, general economic trends and changes in
interest rates, increased competition, regulatory or legislative
developments affecting the financial industry generally or Nicolet
or Baylake specifically, changes in consumer demand for financial
services, the possibility of unforeseen events affecting the
industry generally or Nicolet or Baylake specifically, the
uncertainties associated with newly developed or acquired
operations and market disruptions. Nicolet and Baylake
undertake no obligation to release revisions to these
forward-looking statements publicly to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unforeseen events, except as required to be reported under the
rules and regulations of the Securities and Exchange
Commission.
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SOURCE Nicolet Bankshares, Inc.