Green Bay financial services firm to acquire Commerce State Bank

Sari Lesk
Green Bay financial services firm to acquire Commerce State Bank

A Green Bay-based financial services firm plans to acquire Commerce State Bank in an all-stock deal valued at nearly $130 million. Nicolet Bankshares Inc. (Nasdaq: NCBS), the parent company of Nicolet National Bank, announced Monday its intention to purchase Commerce Financial Holdings Inc., the parent company of West Bend-based Commerce State Bank. The combined company is expected to have pro forma assets of $4.3 billion, deposits of $3.6 billion and loans of $3.2 billion, according to a news release.