---
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"
generated_at: "2026-05-31T13:37:17.655223+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wintrust completes acquisition of Macatawa Bank Corporation for ~$510.3M

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-084676
- form_type: 8-K
- cik: 0001053584
- company_name: MACATAWA BANK CORP
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 3.01, 3.03, 5.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-084676
- JSON: https://secwatch.observer/filing/0001104659-24-084676.json
- Plain text: https://secwatch.observer/filing/0001104659-24-084676.txt

## Key facts
- M&A Transactions
  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).
  - Action: change of control
  - Counterparty: Wintrust Financial Corporation
  - Consideration: $510.3 million, or $14.85 per share
  - Closing: 2024-08-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1053584/000110465924084676/0001104659-24-084676-index.htm

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