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Stock impact report

Nicolet sells Denver locations to Sunwest [Yahoo! Finance]

Nicolet Bankshares Inc. (NIC) 
Company Research Source: Yahoo! Finance
Green Bay, Wisconsin-based Nicolet National Bank is selling its three Denver locations to Sunwest Bank, the lenders announced Tuesday The branches were among those Nicolet absorbed when it completed its $864 million acquisition of MidWestOne Financial Group in February. By the same token, the deal marks further expansion across the Rocky Mountain region for Sandy, Utah-based Sunwest, which launched in Colorado last year. The bank has about $4 billion in assets. "We are building something special here, a team of top talent committed to delivering strategic guidance, creative solutions and exceptional service,” Kari Coover, Sunwest's Colorado market area president, said in the release. “I look forward to welcoming new businesses, strengthening existing relationships, and growing market share across Colorado by helping our clients turn opportunity into lasting success.” Nicolet did not disclose the value of the all-cash deal, set to close in the third quarter. The Denver locatio Show less Read more
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