Banking Review / Deal Surface / 2026-05-23
The DealCard decision instrument begins by articulating PRC Proximate Residents Catchment accretion, upon minting a specific merger scenario.
PRC Bridge
NICOLET + Them: MIDWESTONE
228,961 Me-only PRC + 4,698 Me PRC in co-trade regions + 40,357 Them accretion in co-trade regions + 140,960 Them-only accretion = 414,977 merged PRC
SMARTMARKETS VALUE PROP
Mint-ready: for any next-deal Them-target;
PRC accretion: normalized drill down into trade regions, compass subregions, fit + fill-in readout;
Regulator: density read out;
Due Diligence prep: branch fit motions;
First steps into: site network lifecycle/pruner (eg mint MatchMaker for Me vs All-Them);
If you want, designed to wire into your team decision workflow;
Based on current FFIEC branches; census residents.
SLIDE 2 / CO-TRADE MINI REPORT
Co-trade regions, ordered by Them accretion PRC:
1. MINNEAPOLI 6280: Me PRC 4,698 | Them accretion PRC 40,357
Them-only trade regions, top 10 by PRC:
1. CEDARRAPID 1480: Them PRC 41,380
2. ST.PAULMN 6650: Them PRC 32,349
3. DAVENPORTI 2850: Them PRC 19,250
4. DUBUQUEIA 3380: Them PRC 16,286
5. DENVERCO 6180: Them PRC 11,696
6. WATERLOOIA 2820: Them PRC 7,959
7. DESMOINESI 6970: Them PRC 6,674
8. MADISONWI 6870: Them PRC 4,777
9. MOLINEIA 2870: Them PRC 271
10. CAMBRIDGEM 3330: Them PRC 229
SLIDE 3 / PRC LEARNINGS
The usual question: where do these networks overlap?
The Smartmarkets question: what resident catchment does the combined network accrete?
PRC is precomputed before the dealcard starts.
A merger changes ownership of sites whose proximate catchment was already settled.
The bridge is intentionally boring: reassemble ownership of already-attributed residents.
FOR YOUR SHARP LLM-EQUIPPED ANALYST — QUICK-START GUIDE BELOW:
tsmr_issue_id: 2026052301 scenario: nicolet_midwestone_pre_close_20260213_exhibit Me org key: 813103603 Them org key: 811245228 (now expired)
Decision instrument; Machine-readable stable route surface, Tabular spatial analytics, Recipes help wiring if you want.
Paste this into your LLM to explore an Example DealCard
GET https://smartmarkets.ai/llms.txt
GET https://llm.smartmarkets.ai/8150/llm.txt
Orient the operator to the smartmarkets.ai terminal. Login uses email magic link (no password).
1) Open https://smartmarkets.ai and sign in: >_ login your@email.com
Note: no Stripe required for this single public Review GRATIS exception.
2) Issue a scoped 8150 key (one per account; shown once):
>_ key issue --series=8150
3) Store locally in your development environment with LLM agent access:
export SMARTMARKETS_API_KEY='<paste pmx_* key>'
4) Confirm 2b pack:
curl -sS -H "Authorization: Bearer $SMARTMARKETS_API_KEY" \
https://llm.smartmarkets.ai/8150/account/key-status \
| jq '.data | {tier_name, emr_pack_id, available_scenarios}'
Expect: mint_8150_tsmr_founder_dealcard, founder_ci, scenario cadence_buys_industry_2026Q2_repaired
5) In terminal: >_ help ci — then paste this chip into your LLM.
LLM HANDOFF (paste after key is set):
Current Vintage Rule: this key is for the current supported data vintage on this Deal Surface only; remint when Smartmarkets promotes a new vintage.
First task: GET /emr for the recipe to produce a simple bridge text report. Narrate PRC bridge meaning using Smartmarkets data only — no outside deal research.Paste this into your LLM to mint a production DealCard for your next deal. Hint: Huntington now rolls merged banks under org_key 811068191.
Production forward path — paste into your LLM after orienting the operator to smartmarkets.ai. GET https://smartmarkets.ai/llms.txt GET https://llm.smartmarkets.ai/8150/llm.txt Terminal (magic-link auth): 1) >_ org-key search --query=<bank name> 2) >_ org-key proof --org_key=<ORG_KEY> # both Me and Them sides 3) >_ mint 8150 dealcard --me_org_key=<ME> --them_org_key=<THEM> --scenario=<SCENARIO> 4) >_ key issue --series=8150 5) >_ help dealcard Exhibit boundary hint: https://smartmarkets.ai/review/banking/2026-05-22-huntington-cadence-pre-close-exhibit is a past-tense training Explainer only — Cadence is already rolled under Huntington; you cannot mint this pair on the production rail.
OPB METHODOLOGY
ORR is the change-control rail for this Explainer — one FFIEC stack per cvr_cycle_id, one narrative pin per pre-close deal.
Deal teams should recognize these TRNSFM markings; OPB foots them at the Explainer cut plane for client-side audit.
Me = slice @ pin. Them = merged standalone @ pin. Post-close absorption is a lineage assumption only.
PRC bridge reads Smartmarkets LIBRARY at pin-replayed org_keys — same accretion instrument as forward minted DealCard, just with a past-tense exemplary cut.
See Prompt Chip for the production mint on your next deal. This Review Explainer trains the bridge — not production mint (you will not be able to mint this deal card; Them is already rolled under).
ORR STACK / CHANGE PLANE
Pin 2026-02-13 · ORR-8150-bank-2026Q2-rev1 · Me org_key 813103603 · Them org_key 811245228 standalone @ pin.
Exclude transforms on or after 2026-02-14 (forward CVR).
Pre-pin stack changes (newest first):
2024-02-01 — Denver Bankshares, Inc. → Midwestone Financial Group, Inc. → Them stack change
2022-08-27 — Charter Bankshares, Inc. → Nicolet Bankshares, Inc. → Me stack change
2022-06-09 — Iowa First Bancshares Corp. → Midwestone Financial Group, Inc. → Them stack change
2021-12-04 — County Bancorp, Inc. → Nicolet Bankshares, Inc. → Me stack change
2021-09-04 — Mackinac Financial Corporation → Nicolet Bankshares, Inc. → Me stack change
2020-08-22 — Advantage Community Bancshares, Inc. → Nicolet Bankshares, Inc. → Me stack change
2019-11-09 — Choice Bancorp, Inc. → Nicolet Bankshares, Inc. → Me stack change
2019-05-01 — Atbancorp → Midwestone Financial Group, Inc. → Them stack change
2017-04-29 — First Menasha Bancshares, Inc. → Nicolet Bankshares, Inc. → Me stack change
2016-04-30 — Baylake Corp. → Nicolet Bankshares, Inc. → Me stack change
2015-05-02 — Central Bancshares, Inc. → Midwestone Financial Group, Inc. → Them stack change
2013-04-27 — Mid-Wisconsin Financial Services, Inc. → Nicolet Bankshares, Inc. → Me stack change
2008-03-14 — Midwestone Financial Group, Inc → Midwestone Financial Group, Inc. → Them stack change
Post-close (excluded from geography):
2026-02-14 — Midwestone Financial Group, Inc. → Nicolet Bankshares, Inc. [after pin · TRNSFM_CD=1]
Internal control: PRC @ 2026-02-13 = stack after scroll above, before post-close absorption.
CSV footnote · 1245228→3103603 TRNSFM_CD=1 @ 2026-02-14 · member rollup sod_branch_count=0 · inherited_via_transform=true (NIC BHC close; no CSV branch reopen under buyer). 6AD-006-001 assumption: DealCard PRC treats Them branches as surviving accretion @ pin — disclosed design choice; not implied by NIC CSV branch rows alone.