Nicolet Bankshares, Inc. Appoints Héctor Colón to Board of Directors

Rhea-AI Summary

Nicolet Bankshares, Inc. (NASDAQ: NCBS) has appointed Héctor Colón to its Board of Directors as of July 20, 2021. Colón, the President and CEO of Lutheran Social Services of Wisconsin and Upper Michigan, is recognized for his leadership in transforming the organization into a financially stable entity, achieving a surplus of $12.4 million in three years. Executive Chairman Bob Atwell praised Colón's extensive experience in leadership roles across various sectors and his track record as a champion boxer, highlighting his potential contribution to Nicolet's ongoing success.

Positive

• Héctor Colón's appointment is expected to bring fresh leadership perspectives.
• Colón's track record includes generating multi-million dollar surpluses at Lutheran Social Services.
• Recognition as Nonprofit Executive of the Year could enhance Nicolet's reputation.

Negative

• None.

GREEN BAY, Wis., July 20, 2021 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet"), the holding company for Nicolet National Bank, today announced the appointment of Héctor Colón to Nicolet's Board of Directors.  Mr. Colón is the President and CEO of Lutheran Social Services of Wisconsin and Upper Michigan.

"Héctor is a great addition to our board," said Bob Atwell, Executive Chairman of Nicolet.  "He brings a strong track record of organizational leadership in the governmental, educational and not-for-profit sectors. He is a dedicated servant leader who has led these organizations through difficult changes. The tenacity and discipline he displayed as the 7-time national champion Boxer is only the beginning of a career of concrete accomplishment."

"I am excited to join the Nicolet National Bank family," said Mr. Colón.  "Nicolet is a champion bank with a great leadership and culture and is a proven community partner."

Under Mr. Colón's visionary and innovative leadership, Lutheran Social Services has adapted new models and business strategies to increase relevancy and operational efficiency. Before the start of Colón's tenure in 2017, the organization had not met its budget for four consecutive years. Since that time, LSS has generated multi-million dollar surpluses with a gain of $12.4 million over his first three years. He recently was named the Nonprofit Executive of the Year by BizTimes Media and the Hispanic Man of the year by UMOS.

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.

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SOURCE Nicolet Bankshares, Inc.

FAQ

Who is Héctor Colón and what is his role at Nicolet Bankshares?

Héctor Colón is the newly appointed board member of Nicolet Bankshares, previously serving as President and CEO of Lutheran Social Services of Wisconsin and Upper Michigan.

What impact might Héctor Colón's appointment have on Nicolet Bankshares?

Colón's experience in organizational leadership and financial turnaround may positively influence Nicolet's strategic direction and operational efficiency.

When was Héctor Colón appointed to the Board of Directors of Nicolet Bankshares?

Héctor Colón was appointed to the Board of Directors on July 20, 2021.

What achievements does Héctor Colón have in his previous position?

Under Colón's leadership, Lutheran Social Services achieved multi-million dollar surpluses and was recognized as Nonprofit Executive of the Year.