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Apr 15, 2024 · ROSEMONT, Ill. and HOLLAND, Mich., April 15, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) and Macatawa Bank Corporation (“Macatawa”) (Nasdaq: MCBC) today jointly announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction.
Apr 15, 2024 · Macatawa Bank Corp., a hometown community bank that formed in Holland more than 25 years ago, plans to merge into Rosemont, Ill.-based Wintrust Financial Corp. in a deal valued at $510.3 million. Under the terms of the definitive agreement announced today after the market closed, Macatawa Bank shareholders will receive $14.85 for each share of ...
Apr 15, 2024 · About Macatawa. Headquartered in Holland, Michigan, Macatawa Bank offers a full range of banking, retail and commercial lending, wealth management and ecommerce services to individuals, businesses and governmental entities from a network of 26 full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties.
Apr 16, 2024 · Published April 16, 2024. Dan Ennis Senior Editor. Zhanna Hapanovich. Dive Brief: Wintrust Financial has agreed to buy Holland, Michigan-based Macatawa Bank in an all-stock deal worth an estimated $510.3 million, the companies announced Monday.
- Dan Ennis
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Apr 15, 2024 · The bank’s name will not change as a result of the merger. Once the conversion is finished, Macatawa says customers will be able to use Wintrust’s ATMs throughout the U.S. Follow FOX 17 ...
Apr 16, 2024 · Wintrust has $57 billion in assets, along with over 170 banking locations in Chicago and southern Wisconsin. ... Changes to Macatawa Bank likely won’t occur until first quarter 2025.
Apr 17, 2024 · Macatawa Bank operates 26 offices in Ottawa, Kent, and Allegan counties. At the end of 2023, the corporation reported $2.74 billion in total assets, $2.41 billion in deposits and $1.3 billion in loans. The corporation recorded $43.2 million in net income for 2023. With the deal, Wintrust Financial would get a community bank that started in the ...
