Wintrust Financial Corporation finalises merger with Macatawa Bank Corporation

Wintrust Financial Corporation finalises merger with Macatawa Bank Corporation

Wintrust Financial Corporation has completed its acquisition of Macatawa Bank Corporation in a high-profile all-stock transaction valued at approximately $510.3 million. This strategic merger, first announced in April 2024, marks a significant expansion of Wintrust’s footprint into the West Michigan banking sector, effectively integrating Macatawa’s operations and reinforcing Wintrust’s community banking model. Macatawa Bank, headquartered […]

Wintrust Financial to acquire Macatawa Bank Corporation in $510.3m deal

Wintrust Financial to acquire Macatawa Bank Corporation in $510.3m deal

Wintrust Financial Corporation (Nasdaq: WTFC) is set to acquire Macatawa Bank Corporation (Nasdaq: MCBC) in an all-stock transaction valued at approximately $510.3 million, or $14.85 per share, marking a strategic expansion into West Michigan’s banking sector. This merger will unite Wintrust’s broad network of community banking services with Macatawa’s strong local presence in Holland, Michigan, […]