{"schema_version":"secwatch.filing_event.v1","accession":"0000905729-24-000065","form_type":"8-K","ticker":null,"cik":"0001053584","company_name":"MACATAWA BANK CORP","filed_at":"2024-04-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.062137+00:00","generated_at":"2026-06-03T22:43:53.857292+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Macatawa Bank to be acquired by Wintrust for ~$510M ($14.85/sh) in stock","bullets":["Aggregate consideration ~$510.3M (~$14.85/sh) in Wintrust common stock; fixed within a $89.03-$113.03 collar.","Exchange ratio: 0.1314-0.1668 Wintrust shares per Macatawa share; reference price $101.03.","Macatawa Bank to retain separate charter, operate under Macatawa Bank name in Michigan post-merger.","Richard L. Postma expected to join Wintrust board; one Macatawa director seat offered.","Closing expected in H2 2024; subject to shareholder and regulatory approvals; termination fee $20.4M."],"urls":{"canonical":"https://secwatch.observer/filing/0000905729-24-000065","json":"https://secwatch.observer/filing/0000905729-24-000065.json","markdown":"https://secwatch.observer/filing/0000905729-24-000065.md","text":"https://secwatch.observer/filing/0000905729-24-000065.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1053584/000090572924000065/0000905729-24-000065-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1053584/000090572924000065/mcbc8k_041524.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T22:43:53.857292+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"81975b0995b036dcb36c214d7669eea7a6f8beae","claim":"MACATAWA BANK CORP entered into Agreement and Plan of Merger with Wintrust Financial Corporation valued at approximately $510.3 million (effective 2024-04-15).","evidence_excerpt":"On April 15, 2024, Macatawa Bank Corporation (“ Macatawa ”) and Wintrust Financial Corporation (“ Wintrust ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1053584/000090572924000065/0000905729-24-000065-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Wintrust Financial Corporation"},{"label":"Value","value":"approximately $510.3 million"},{"label":"Effective","value":"2024-04-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}