{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-084676","form_type":"8-K","ticker":null,"cik":"0001053584","company_name":"MACATAWA BANK CORP","filed_at":"2024-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.038103+00:00","generated_at":"2026-05-31T13:37:17.655223+00:00","sec_items":["2.01","3.01","3.03","5.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Wintrust completes acquisition of Macatawa Bank Corporation for ~$510.3M","bullets":["Macatawa shareholders received 0.137 shares of Wintrust per share; aggregate purchase price ~$510.3M ($14.85/share).","Macatawa Bank had ~$2.7B in assets, $2.3B deposits, $1.3B loans as of June 30, 2024.","Macatawa Common Stock delisted from Nasdaq; registration terminated; Macatawa ceases to exist.","Richard L. Postma appointed to Wintrust Board of Directors.","Transaction not expected to materially affect Wintrust's 2024 EPS."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-084676","json":"https://secwatch.observer/filing/0001104659-24-084676.json","markdown":"https://secwatch.observer/filing/0001104659-24-084676.md","text":"https://secwatch.observer/filing/0001104659-24-084676.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1053584/000110465924084676/0001104659-24-084676-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1053584/000110465924084676/tm2420574d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T13:37:17.655223+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":"fd85f38f576033ba25b898a8c901b4ebdd54d8a2","claim":"MACATAWA BANK CORP underwent a change of control involving Wintrust Financial Corporation for $510.3 million, or $14.85 per share (closed 2024-08-01).","evidence_excerpt":"Richard L. Postma has been appointed to the Board of Directors of Wintrust. Terms of the Transaction The aggregate purchase price to Macatawa shareholders is approximately $510.3 million, or $14.85 per share. In the transaction, each of Macatawa’s 34,361,562 common shares outstanding at the time of the merger were converted into the right to receive merger","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1053584/000110465924084676/0001104659-24-084676-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Wintrust Financial Corporation"},{"label":"Consideration","value":"$510.3 million, or $14.85 per share"},{"label":"Closing","value":"2024-08-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}