News Development

Charter Bank to Merge with Nicolet Bank

local community bank is slated to merge with Nicolet Bank in the later part of 2022

Sawyer Hoff |

BANK ON THIS. Charter Bank to merge with Nicolet Bank, but to keep same CEO in Wisconsin and Twin Cities.
BANK ON THIS. Charter Bank to merge with Nicolet Bank, but to keep the same CEO in Wisconsin and Twin Cities.

Charter Bank, a community bank headquartered in Eau Claire since 1980, is getting ready for a major change. In the third quarter 2022, Charter Bank will conclude a merger with Nicolet National Bank, which was founded in Green Bay in 2000. Charter has assets of approximately $1.1 billion, and the combined institution will have assets of $8.8 billion, the banks said in a media release.

Once the merger is complete, Charter’s Eau Claire office and its branches (located in Chetek, Wisconsin, and Chanhassen and Chaska, Minnesota), as well as a new office being built in Chippewa Falls, will become Nicolet Bank branches. Nicolet’s local loan office, 3603 N Hastings Way, will be absorbed into the existing Charter Bank location, 1010 W. Clairemont Ave.

Paul Kohler, Charter Bank president and CEO, will continue to lead the western Wisconsin and Twin Cities markets within Nicolet National Bank. “Since our founding, we’ve seen what a good community bank can do for our region,” Kohler said. “Nicolet is the rare partner who puts actions behind their words when it comes to being committed to communities. I look forward to the next chapter and leading our combined teams in Western Wisconsin and the Twin Cities.” 

Nicolet National Bank is a full-service community bank that provides commercial and consumer banking as well as offering services to help with savings plans and wealth management, with branches in northeast and central Wisconsin and Michigan. 

Learn more about the merger at