---
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"
generated_at: "2026-06-03T22:43:53.857292+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Macatawa Bank to be acquired by Wintrust for ~$510M ($14.85/sh) in stock

## Summary
- 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.

## SEC filing metadata
- accession: 0000905729-24-000065
- form_type: 8-K
- cik: 0001053584
- company_name: MACATAWA BANK CORP
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000905729-24-000065
- JSON: https://secwatch.observer/filing/0000905729-24-000065.json
- Plain text: https://secwatch.observer/filing/0000905729-24-000065.txt

## Key facts
- Material Agreements
  MACATAWA BANK CORP entered into Agreement and Plan of Merger with Wintrust Financial Corporation valued at approximately $510.3 million (effective 2024-04-15).
  - Action: entry
  - Agreement: merger
  - Counterparty: Wintrust Financial Corporation
  - Value: approximately $510.3 million
  - Effective: 2024-04-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1053584/000090572924000065/0000905729-24-000065-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.