Did Middlefield Bank get bought out?
Yes, MidWestOne Bank entered into a merger agreement with Nicolet National Bank, which was announced in October 2025. Following this agreement, the institution began a transition process where MidWestOne would operate as a division of Nicolet National Bank after February 13, 2026. While the two banks continued to operate with some level of independence in the short term, the plan was to fully consolidate operations into the Nicolet National Bank platform later in 2026. This partnership was formed to combine the two banks' resources to better serve customers across the Upper Midwest, while maintaining a stated focus on local decision-making and regional community support.
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Midland States Bank operates as the principal banking subsidiary of Midland States Bancorp, Inc., maintaining a massive regional financial footprint with total consolidated assets exceeding $6.5 billion.