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Nicolet/Baylake deal gets shareholder approvals

The proposedmerger between Green Bay,Wis.-based Nicolet Bankshares Inc.,the parent of Nicolet National Bank,and Sturgeon Bay, Wis.-based BaylakeCorp., the parent of BaylakeBank, has received shareholder approvals, the Green Bay Press-Gazette reported April 12.

Shareholdersagreed to merge the businesses under the Nicolet bank name. The is set to close April 29, accordingto the news story.

The publicationquoted Nicolet National Bank Executive Vice President Mike Daniels as saying thattwo branches will close after the deal. Nicolet intends to continue to operate twoAshwaubenon branches, at 2363 Holmgren Way and at Baylake's 960 Hansen Road branch,he added, according to the report.

Nicolet willclose its 1610 Lawrence Drive branch in west De Pere and consolidate operationsinto Baylake's 1450 Scheuring Road branch. Baylake's downtown Green Bay branch at301 S. Adams St. will also close; its workers will relocate to Nicolet's headquarters.