KBRA Releases Surveillance Report for Nicolet Bankshares, Inc.

On June 22, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Green Bay, Wisconsin based Nicolet Bankshares, Inc. (NYSE: NIC) (“Nicolet” or “the company”). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for lead subsidiary, Nicolet National Bank. The Outlook for all long term ratings is Stable.

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