GREEN BAY, Wis., Jan. 25, 2016 /PRNewswire/ -- Nicolet National Bank ("Nicolet") has reached an agreement in principal to acquire Navigator Planning Group, LLC ("Navigator"). It is anticipated that the acquisition will close on or before April 1, 2016.
As part of the acquisition, certain financial advisors and staff of Navigator will join Nicolet's wealth management team. In addition, it is anticipated that Patrick "PJ" Madson will become a senior vice president of Nicolet and Head of Nicolet Wealth Management.
Scot Madson, Registered Principal and Managing Partner of Navigator said, "We are looking forward to our team merging with Nicolet Wealth Management. The new team will create a formidable investment and wealth management group by combining the best practices of each. Our customer-first approach is unmatched in the communities we serve."
Bob Atwell, CEO and Chairman of Nicolet said, "Partnering with the well-known, highly professional people at Navigator fits well with our overall growth strategies. Separately we are good. Together, we will be better."
About Nicolet National Bank
Nicolet National Bank is a growing, full-service, community bank providing services ranging from commercial and consumer banking to wealth management and retirement plan services. Founded in Green Bay in 2000, Nicolet National Bank operates branches in Northeast and Central Wisconsin and the upper peninsula of Michigan. More information can be found at www.nicoletbank.com.
About Navigator Planning Group
Navigator Planning Group is a leading wealth management firm, providing investment management, retirement planning and insurance services. Started by Scot Madson in 1978 and renamed Navigator Planning Group in 1996, Navigator has offices in Green Bay, Appleton and Brillion, Wisconsin as well as in the upper peninsula of Michigan.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the federal securities law. Statements in this release that are not strictly historical are forward-looking and based upon current expectations that may differ materially from actual results. These forward-looking statements, identified by words such as "will", "expect", "believe" and "prospects", involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. These risks and uncertainties include, but are not limited to, general economic trends and changes in interest rates, increased competition, regulatory or legislative developments affecting the financial industry generally or Nicolet specifically, changes in consumer demand for financial services, the possibility of unforeseen events affecting the industry generally or Nicolet specifically, the uncertainties associated with newly developed or acquired operations, and market disruptions. Nicolet undertakes no obligation to release revisions to these forward-looking statements publicly to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, except as required to be reported under the rules and regulations of the Securities and Exchange Commission.
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SOURCE Nicolet National Bank
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