I N T H E N E W S

Nicolet National Bank of Green Bay acquires

Madison-based AnchorBank branches
Anchor selling to shore up finance
Green Bay Press-Gazette May 6, 2010
Richard Ryman Text

Nicolet National Bank of Green Bay said Wednesday it $675 million in assets and $556.9 million in deposits
has agreed to acquire the four Brown County branches of exclusive of the deal. It reported net income of $1.17
Madison-based AnchorBank. million in 2009.

Terms of the deal were not announced. It is subject to AnchorBank, a publicly traded savings and loan with
regulatory approval, but is expected to close in July. offices around Wisconsin, has been seeking investors and
selling assets to shore up its financial position. Anchor
Nicolet National Bank representatives were meeting with also has agreed to sell 11 branches in Northwestern
AnchorBank employees late Wednesday and were not Wisconsin to Royal Credit Union.
available for comment. They said as recently as Nicolet’s
annual meeting on Monday that acquisition of existing
or troubled assets would be part of their growth strategy
going forward.

Bob Atwell, chairman and CEO of Nicolet National

Bank, said in a written statement Wednesday, “We
have been very open about looking for strategic growth
opportunities.”

The AnchorBank branches are at 2363 Holmgren Way,

Ashwaubenon; 2380 Dousman St., Howard; 1610
Lawrence Drive, De Pere,, and 2082 Monroe Road,
Bellevue.

Nicolet has offices at 111 N. Washington St., Green

Bay, which is its headquarters, and 1011 N. Broadway,
De Pere. It also has a branches in Appleton, Crivitz,
Marinette and Menominee, Mich.

“The locations of these offices and the customer base

further solidify our presence in the market. We look
forward to welcoming the Anchor customers to the
Nicolet family,” said Mike Daniels, president and chief
operating officer of Nicolet Bank, in a written statement.

Nicolet will assume $116 million in deposits, along with

selected loans, real estate and other assets. Nicolet has

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