Wintrust (WTFC) Completes Acquisition of Macatawa for $510.3M

Wintrust Financial Corporation (WTFC) has closed the all-stock deal to acquire Macatawa Bank Corporation for $510.3 million or$14.85 per share. The merger agreement, which is not expected to have a material effect on Wintrust's 2024 earnings, was signed this April. Headquartered in Holland, MI, Macatawa operates a network of 26 full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties, including Grand Rapids. As of Jun 30, 2024, Macatawa Bank had $2.7 billion in ass ...