Nicolet Bankshares Added to KBW Nasdaq Regional Bank Index

The bank holding company joins the prestigious financial index after 25 years of growth.

Mar. 31, 2026 at 12:52am

Got story updates? Submit your updates here. ›

A high-end, photorealistic studio still-life photograph featuring a stack of polished metal coins, a sleek silver bank card, and a modern glass data storage drive, conceptually representing the abstract concepts of finance, banking, and technology growth.Nicolet Bankshares' inclusion in the prestigious KBW Nasdaq Regional Bank Index reflects the bank's impressive growth and success in community banking.Green Bay Today

Nicolet Bankshares, Inc., the parent company of Nicolet National Bank, announced that it has been added to the KBW Nasdaq Regional Bank Index as part of the index's first quarter 2026 rebalancing. This recognition represents a significant milestone for the community bank, which has grown from a single office in Green Bay to a leading franchise across the Upper Midwest with over $15 billion in assets and 100 locations.

Why it matters

Inclusion in the KBW Nasdaq Regional Bank Index is a prestigious achievement that highlights Nicolet's success in building a strong, diversified community banking business over the past 25 years without completing a traditional IPO or raising public capital. This recognition will likely raise the bank's profile and could attract additional investor interest.

The details

Nicolet Bankshares, Inc. is the bank holding company of Nicolet National Bank, which provides a range of commercial, agricultural, consumer banking, wealth management, and retirement plan services. The bank was founded in 2000 and has grown to operate 100 branches primarily in Wisconsin, Michigan, Iowa, and Minnesota.

  • Nicolet Bankshares was added to the KBW Nasdaq Regional Bank Index as part of the index's first quarter 2026 rebalancing.

The players

Nicolet Bankshares, Inc.

The bank holding company of Nicolet National Bank, a growing, full-service community bank with over $15 billion in assets and 100 locations across the Upper Midwest.

Nicolet National Bank

A community bank founded in 2000 that provides commercial, agricultural, consumer banking, wealth management, and retirement plan services.

Mike Daniels

The Chairman, President, and Chief Executive Officer of Nicolet Bankshares, Inc.

KBW Nasdaq Regional Bank Index

A modified market capitalization weighted index designed to track the performance of U.S. regional banks and thrifts that are publicly traded.

Nasdaq

The exchange that compiles, maintains, and calculates the KBW Nasdaq Regional Banking Index along with Keefe, Bruyette & Woods, Inc.

Got photos? Submit your photos here. ›

What they’re saying

“It is an honor to be included in the KBW Nasdaq Regional Bank Index. This recognition represents another significant milestone in our 25‑year journey, which began with a single office in downtown Green Bay and has grown into a leading community banking franchise across the Upper Midwest, with more than $15 billion in assets and 100 locations.”

— Mike Daniels, Chairman, President and Chief Executive Officer of Nicolet

The takeaway

Nicolet Bankshares' inclusion in the prestigious KBW Nasdaq Regional Bank Index is a testament to the company's impressive growth and success in building a leading community banking franchise over the past 25 years without a traditional IPO or public capital raise. This recognition will likely raise the bank's profile and could attract additional investor interest.