Wintrust completes $510M all-stock acquisition of Macatawa Bank

WINTRUST FINANCIAL CORP

Total consideration ~$510.3M ($14.85/share) paid in WTFC stock at 0.137x exchange ratio.
Macatawa had $2.7B assets, $2.3B deposits, $1.3B loans as of June 30, 2024; operates 26 branches in West Michigan.
Richard Postma, former Macatawa Chairman, appointed to Wintrust Board of Directors.
Transaction not expected to materially affect Wintrust's 2024 EPS.
Macatawa Bank will retain its name, branches, and key employees as a separate Wintrust community bank.

item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

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Appointed

Richard Postma

Director

WTFC · WINTRUST FINANCIAL CORP

Effective: 2024-08-01
Filed: August 1, 2024, 7:59 PM ET

On August 1, 2024, Wintrust Financial Corporation's (“Wintrust”) Board of Directors (the “Board”) appointed Richard Postma to serve on the Board and to fill the vacancy created by the Board Increase, as defined below.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Postma was appointed as Director at WINTRUST FINANCIAL CORP.

Action: appointed
Role: Director

Exact text from the filing

On August 1, 2024, Wintrust Financial Corporation's (“Wintrust”) Board of Directors (the “Board”) appointed Richard Postma to serve on the Board and to fill the vacancy created by the Board Increase, as defined below.

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WINTRUST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001104659-24-084675

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