On November 4, 2016 Nicolet announced the signing of a definitive merger agreement (“Merger Agreement”) with First Menasha Bancshares, Inc. (“First Menasha”) under which First Menasha will merge with and into Nicolet to create the largest community bank in the Fox Valley area of Wisconsin. Based upon the financial results as of December 31, 2016, the combined company would have total assets of approximately $2.8 billion, deposits of $2.4 billion and loans of $1.9 billion. The merger transaction is expected to close in April 2017 and is subject to customary closing conditions, including approval by shareholders of First Menasha and regulatory approvals.