Nicolet Bankshares in Green Bay, Wis., plans to close 15 branches in Wisconsin and Michigan in December.
The $4.6 billion-asset company, which recently completed its purchase of Mackinac Financial, also said in a press release Tuesday that it will sell a branch in Birmingham, Mich., to Bank of Ann Arbor. The branch has $176 million of loans and $57 million of deposits.
“Customers continue to tell and show us that convenience no longer means a branch on every corner,” Mike Daniels, Nicolet’s president and CEO, said in the release.
“Convenience is being redefined as a seamless, frictionless experience through all channels,” Daniels added. “While we still view the branch system as an effective way to serve our customers, we also recognize the need to continue our investments in digital channels. We intend to find the right balance of investing in traditional branch channels and non-branch channels.”
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