secwatch.observer — SEC 8-K summary
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Issuer:     WINTRUST FINANCIAL CORP (WTFC)
CIK:        0001015328
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001104659-24-084675
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015328/000110465924084675/0001104659-24-084675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015328/000110465924084675/tm2420533d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-084675

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