8/14/2019 Insight 03/09: Nicolet National Bank

1/230|InsIght M a rc h 2 0 0 9 www. i n s i gh to n b u s i n es s . c o m

i n s i g h t o n

b a n k i n g

F

idi opporuiie we

e oi e ou i

alway eay, bu Mike

Daiel, preide ad cie

operai ocer or nicole

Bakare Ic., i looki o do ju

a. Wile e acial idury

a ake a beai aiowide ad

acro e lobe, e gree Bay

oldi compay or nicole naioal

Bak a eld i ow, bu a did

op i rom paricipai i e U.s.

treaury Capial Purcae Proram.

Ou o crii, we ee a real

opporuiy, Daiel ay. Te

treaury did ju ied ee ud

or bak i crii, bu alo or ro

bak like our a wa o coiueo row.

La all, e U.s. Core paed

e $700 billio troubled Ae Relie

Proram (tARP) o preve e

ecoomy ad acial yem rom

lidi eve urer io e red. Te

bulk o tARP ud we o proppi

up aili acial iiuio

uc a Ciiroup ad AIg, bu e

overme alo allowed reioal

bak looki or more abiliy oparicipae. I reur or e ud,

bak ive e treaury preerred

ock i e ope a a e bak

row roer, e overme will

ee ome ud i reur.

I December, nicole received

$14.96 millio i tARP ud ad

raied a addiioal $9.5 millio

rou a privae placeme ock

oeri. Wi e iuio o capial,

nicole ramped up i ledi.

ByMaryBeth Matzek

Tapping into TARPNicolet, First Manitowoc, Associated and M&I banks put ederal unds to work

Bak ad Fir Maiowoc Bacorp

Ic. alo ied up or e proram

ad excaed preerred ock or a

iuio o ca.

Fir Maiowoc Bacorp e

pare compay o Bak Fir

naioal raied $12 millio capial

by iui preerred ock o e

treaury uder e tARP proram.

Like nicole Bak, Fir naioal

I e r 30 day a we received

e early $15 millio rou tARP,

we made more a $15 millio i

loa. Ta ow a we are pui

e moey we received back io

buiee, Daiel ay.

nicole i e oly norea

Wicoi bak o receive tARP

ud. Tree oer gree Bay

Aociaed Bak, Milwaukee M&I

Nicolet National Bank, headquartered in Green Bay, was one o our in Wisconsin to

receive TARP unds. President and COO Mike Daniels says, The macro-view o the

economy shows you that this needed to be done to help restore confdence in the

fnancial industry, but then you hear about XYZ Bank getting TARP unds and the

stockholders lose money, but the executives still get their bonuses. Thats not what

happened here. We see this as an opportunity to grow our business.

Copyright 2009 Insight Publications. Reproduced by permission. For website use only.

8/14/2019 Insight 03/09: Nicolet National Bank

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aw a opporuiy o row by

paricipai i e ederal proram.

We were pleaed o ave bee

approved o paricipae i e

treaury proram ad o ave

bee uppored by our primary

ederal reulaor, ay Micael B.

Molepke, Fir Maiowoc Bacorp

cie execuive ocer. I 2008, we

eeraed $58 millio i loa row,

ad our raeic pla oreca imilar

loa row oal or 2009 ad 2010.We believe i addiioal capial

will ai u i udi aicipaed

loa row wi qualiy cuomer

relaioip ad will uppor

coiued local ecoomic expaio i

e marke we erve.

Paricipai i tARP i o a i

o weake, ay David Diedric,

preide o Fir Maiowoc Bacorp.

We already exceed e idury

well-capialized adard ad eCapial Purcae Proram iveme

will eve urer ree our

balace ee. Te treaury

iveme i our compay i a

idicaio o our oude ad e

treaury uppor o our pla oi

orward, e ay.

M&I received $1.715 billio

rou tARP ad ice e a

exeded a eimaed $1.3 billio

o ew credi o ew ad exii

cuomer. Te ud alo allowed

M&I o aouce i December

a orecloure abaeme proram

deied o keep amilie i eir

ome, icludi a 90-day orecloure

moraorium o all ower-occupied

reideial loa.

Te ifux o ca come a a ime

we M&I lo $403.9 millio i e

our quarer o 2008 a loa loe

mou or e publicly-raded bak.

Te bak a aouced a co-cuipla, icludi a lo o 830 job, o

elp creae a ealier boom lie.

A or Aociaed Bak, i received

$525 millio i tARP ud i reur

or ock are. sice e iuio

o capial, more a $1.5 billio o

credi a bee ive o ew ad

exii cuomer. Te tARP ud

alo icreaed Aociaed Bak tier 1

capial raio o 12.22 perce a e ed

o December, up rom 9.2 perce a

e ed o sepember.Aociaed Bak repored a 79

perce drop i pro duri e

our quarer o 2008 due o a $35

millio iveme lo ad a icreae

i e ud alloed or poeially bad

loa. Aociaed pu $65 millio io

i reerve duri e our quarer

o cover bad loa, compared o $15.5

millio pu io reerve duri e

ame period la year. Depie a,

averae depoi icreaed 4.6 perce

duri e quarer.

nicole Daiel ay e

uderad wy mo people are

coued abou tARP ad uri ou

ow e ud are oi o be pe.

Te macro-view o e ecoomy

ow you a i eeded o be

doe o elp reore codece i e

acial idury, bu e you ear

abou XYZ Bak ei tARP ud

ad e ockolder loe moey, bu

e execuive ill e eir boue,e ay. Ta o wa appeed

ere. We ee i a a opporuiy o

row our buie.

A rule o umb i a $1 i capial

allow you o icreae your ae

by $10. Ta wa were looki o

do. We are plai o be oeive

raeically. Tere i more value ou

ere a a ay oer ime i our

career, Daiel ay.

In the frst 30 days that we

received the nearly $15 million

through TARP, we made more than

$15 million in loans.

M e D e l s , p r e d e a d C o o , n c l e n a a l B a kMike Daniels

We believe this additional capital will assist

us in unding anticipated loan growth with

quality customer relationships and will support

continued local economic expansion in the

market we serve. M c h e l b . M o l e p s e , F r M a w c B a c r p C E o