Nicolet Bankshares, Inc. Names Phil Moore Chief Financial Officer

GREEN BAY, Wis., May 11, 2021 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet"), and its subsidiary Nicolet Bank, today announced that industry veteran Phil Moore would be joining the company as Chief Financial Officer, effective June 7, 2021.  Mr. Moore joins Nicolet after a distinguished career as an accountant and auditor of community banks, most recently serving as the Southeast US Market Leader for Wipfli LLP.  Prior to this position, Mr. Moore served as the managing partner of Porter Keadle Moore, LLC.

Mike Daniels, President and CEO of Nicolet said, "We are thrilled to bring a leader like Phil into Nicolet.  Since our founding, he has worked closely with us, providing expertise in strategy and leadership beyond his accounting work.  Phil has already earned the trust of our entire leadership team, and he models our culture to serve our customers, communities, and employees.  We are excited for Phil to join us."

Moore said, "I told myself, the only way I would leave my job would be to work for a company like Nicolet.  When the opportunity presented itself, I jumped at the chance.  I have known the team at Nicolet for a long time, and I love what they stand for – community-focused, people-driven banking the way it should be.  I'm excited to get started and would like to thank Ann Lawson for her outstanding leadership and for giving me a great team with which to move forward."

About Nicolet Bankshares, Inc.

Nicolet Bankshares, Inc. is the bank holding company of Nicolet National Bank, 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.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which Congress passed in an effort to encourage companies to provide information about their anticipated future financial performance. This act protects a company from unwarranted litigation if actual results are different from management expectations. This report reflects the current views and estimates of future economic circumstances, industry conditions, company performance, and financial results of the management of Nicolet. These forward-looking statements are subject to a number of factors and uncertainties which could cause Nicolet's actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements, and such differences may be material. Forward-looking statements speak only as of the date they are made and Nicolet does not assume any duty to update forward-looking statements. There are a number of factors that could cause our actual results to differ materially from those projected in such forward-looking statements, including but not limited to factors previously disclosed in Nicolet's reports filed with the SEC, including Nicolet's Annual Report on Form 10-K for the year ended December 31, 2020.

These forward-looking statements include, but are not limited to, statements about (i) the future of Nicolet; and (ii) Nicolet's plans, objectives, expectations and intentions and other statements contained in this report that are not historical facts.  Other statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "targets," "projects" or words of similar meaning generally are intended to identify forward-looking statements. These statements are based upon the current beliefs and expectations of Nicolet's management and are inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond their control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements and such differences may be material.

The COVID pandemic is adversely affecting us, our customers, counterparties, employees, and third-party service providers, and the ultimate extent of the impacts on our business, financial position, results of operations, liquidity, and prospects is uncertain. Continued deterioration in general business and economic conditions or turbulence in domestic financial markets could adversely affect Nicolet's revenues and the values of its assets and liabilities, lead to a tightening of credit, and increase stock price volatility. In addition, the COVID pandemic may result in changes to statutes, regulations, or regulatory policies or practices resulting from could affect Nicolet in substantial and unpredictable ways.

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SOURCE Nicolet Bankshares, Inc.