Sunwest Bank Acquires Colorado Branches from Nicolet National Bank

Sunwest Bank announced today the completion of its acquisition of former MidWestOne and Bank of Denver branches in Colorado from Nicolet National Bank. This acquisition represents a significant milestone in Sunwest Bank's ongoing growth strategy, expanding its footprint in the region.

The acquired branches, previously operated under the MidWestOne and Bank of Denver names, will now be integrated into Sunwest Bank's operations. This strategic move aims to bolster the bank's market position within Colorado and broaden its customer base.

Nicolet National Bank's decision to divest these specific branches stems from its own strategic review, allowing the bank to concentrate on other areas of its business. This divestiture facilitates Sunwest Bank's expansion efforts.

The transaction is expected to enhance Sunwest Bank's competitive standing in the Colorado market and provide its growing clientele with an expanded suite of financial services.