GREEN
BAY, Wis., Nov. 8, 2023 /PRNewswire/ -- Nicolet
Bankshares, Inc. (NYSE: NIC) ("Nicolet") announced the planned
transition of Co-Founder and Executive Chairman Robert Atwell. Effective January 1, 2024, Atwell will step down as
Executive Chairman of the Board but will remain as a current
director. The board is expected to elect current President and CEO
Mike Daniels Chairman of the Board
at that time.
Atwell and Daniels co-founded Nicolet in November 2000, growing it from a de novo start-up
bank to the second-largest bank headquartered in Wisconsin. Under their leadership, Nicolet
grew from a single location with no assets to one of the Upper
Midwest's predominant community bank franchises with 56 branches
with over 1,000 employees, and $8.5
billion in assets. Atwell served as Nicolet's Chairman,
President, and CEO until April 2021,
when he was appointed Executive Chairman. He has served as Chairman
of the Board for more than 23 years since Nicolet's
inception.
"It's been an honor and a wonderful adventure to participate
with Mike and our colleagues, customers, and investors these first
23 years of Nicolet, and I have total confidence in Mike's ability
to lead the board," said Atwell. "I remember the early days and how
daunting it was to ask people to invest in something that doesn't
yet exist. We knew that with our customers' trust and mutual
investment, everyone, including our shareholders and communities,
would benefit from doing this together. The power unleashed through
working toward shared success amongst all parties is awe-inspiring.
If there is a more fruitful way to live life, I don't know what it
is. We have miles to go before we sleep, and I will be around to
help in every way I can."
"Bob has been a partner, mentor, and friend for over 35 years,"
said Daniels. "Bob's legacy as a great banker, an outstanding
executive, an adamant supporter of the communities we serve, and a
successful entrepreneur is a testament to his character. Bob's real
strength is his ability to combine his strategic mind with his
caring heart. His passion for community banking specifically and
the communities in general will be felt for generations to
come."
Daniels continued, "We are all thankful that Bob will continue
to play a relevant role at Nicolet, remaining involved in strategic
discussions at the board level. No matter the economic reality, Bob
has a unique ability to be a steady hand and a calming influence,
which is always needed."
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, agricultural, and
consumer banking to wealth management and retirement plan services.
Founded in Green Bay in 2000,
Nicolet National Bank operates
branches in Wisconsin,
Michigan, and Minnesota. More information can be found
at www.nicoletbank.com.
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SOURCE Nicolet Bankshares, Inc.
