Wintrust (WTFC) Completes Acquisition of Macatawa for $510.3M [Yahoo! Finance]
Macatawa Bank Corporation (MCBC)
Last macatawa bank corporation earnings: 10/24 04:15 pm
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Source: Yahoo! Finance
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 assets, $2.3 billion in deposits and $1.3 billion in loans. Its approach to customer service is similar to that at each of the fifteen other Wintrust Community Banks and their more than 170 banking locations. Per the terms of the deal, at the time of the merger, each of Macatawa's 34,361,562 common shares outstanding were to be converted into the right to receive merger consideration paid in shares of Wintrust common stock. Accordingly, each of Macatawa's common shares outstanding was converted into the right to receive 0.137 shares of Wintrust common stock, with cash paid in lieu of fractional shares. Timothy S. Cran
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MCBC
News
- Wintrust Financial Corporation Completes Its Merger With Macatawa Bank Corporation [Yahoo! Finance]Yahoo! Finance
- Macatawa Bank to be acquired in $510M deal [Yahoo! Finance]Yahoo! Finance
- Macatawa Bank Corporation Announces Special Meeting ResultsGlobeNewswire
- Macatawa Bank Co. (NASDAQ: MCBC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Macatawa Bank Co. (NASDAQ: MCBC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
MCBC
Earnings
- 4/25/24 - Miss
MCBC
Sec Filings
- 8/2/24 - Form S-8
- 8/2/24 - Form 4
- 8/2/24 - Form 4
- MCBC's page on the SEC website