Nicolet National Bank is headquartered in Green Bay and is the 2nd largest bank in the state of Wisconsin. It is also the 196th largest bank in the nation. It was established in 2000 and as of June of 2022, it had grown to 867 employees at 53 locations. Nicolet National Bank's money market rates are 7X the national average, and it boasts an A+ health rating.
Nicolet Is A Nice Bank
I've had an interest checking account here since 2012. It has been reliable and pays better than anyone else nearby. I have found deposits and transfers complete faster than many others, and checks are not deducted from the account until they clear, which adds days of interest. I have found the employees to be responsive and helpful. I do not plan to stop using this account when I leave the area. There may be better accounts nationwide, but there can't be many.
Do Not Atempt To Set Up An Automatic Transfer
I was on the phone with a customer service woman for forty minutes attempting to set a monthly automatic money transfer to my daughter.
I had attempted this numerous times online but was unsuccessful.
The customer service women repeatedly walked me thought the steps supposedly required to do it online, all of which resulted in the same error message.
She suggested that there was another way to do it but that way was unacceptable.
She then said she may be able to do it if I changed my password. That too was unacceptable.
She then said that money transfers were causing trouble for the bank and that she could possibly help if I provided additional information regarding the account to which I waned to transfer money and to call her when that information was available. Maybe the bank's problems would be solved at that time.
I called her private number and left a message. No return call was received.
I will probably change banks because in addition to this problem, the bank demands that I occasionally change passwords which is bluntly, a royal pain in the ass. With a 13 digit password, it is very difficult to remember slight variations.
Goodbye, Nicolet
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57038 |
| Year Established | 2000 |
| Employees | 867 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.31% |
| Return on Equity - YTD | 9.88% |
| Annual Interest Income | $117.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $7.36B$4.57B |
| Loans | Q2 2022vs Q2 2021 | $4.93B$2.80B |
| Deposits | Q2 2022vs Q2 2021 | $6.33B$3.99B |
| Equity Capital | Q2 2022vs Q2 2021 | $972.4MM$522.4MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $50.7MM$32.6MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $30.6MM$5.6MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $5.0MM$2.9MM |
