---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-047276"
form_type: "8-K"
ticker: "WTFC"
cik: "0001015328"
company_name: "WINTRUST FINANCIAL CORP"
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T22:43:20.152162+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wintrust to acquire Macatawa Bank for ~$510M in stock; expected close in late 2024/early 2025

## Summary
- Aggregate consideration $510.3M; $14.85/share based on 34.36M Macatawa shares outstanding as of April 12, 2024.
- Exchange ratio collared: 0.1314-0.1668 Wintrust shares per Macatawa share based on closing price range $89.03-$113.03.
- Macatawa Bank will keep separate charter and operate under its name in Michigan; Richard Postma to join Wintrust board.
- Termination fee of $20.4M payable by Macatawa if deal terminated under certain conditions to accept a superior proposal.
- Closing subject to Macatawa shareholder vote, regulatory approvals, and other customary conditions.

## SEC filing metadata
- accession: 0001104659-24-047276
- form_type: 8-K
- ticker: WTFC
- cik: 0001015328
- company_name: WINTRUST FINANCIAL CORP
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015328/000110465924047276/0001104659-24-047276-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015328/000110465924047276/tm2411576d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-047276
- JSON: https://secwatch.observer/filing/0001104659-24-047276.json
- Plain text: https://secwatch.observer/filing/0001104659-24-047276.txt

## Key facts
- Material Agreements
  WINTRUST FINANCIAL CORP entered into Agreement and Plan of Merger with Macatawa Bank Corporation valued at $510.3 million (effective 2024-04-15).
  - Action: entry
  - Agreement: merger
  - Counterparty: Macatawa Bank Corporation
  - Value: $510.3 million
  - Effective: 2024-04-15
  source text: On April 15, 2024, Wintrust Financial Corporation (“ Wintrust ”) and Macatawa Bank Corporation (“ Macatawa ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015328/000110465924047276/0001104659-24-047276-index.htm

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