secwatch.observer — SEC 8-K summary
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Issuer:     MACATAWA BANK CORP (—)
CIK:        0001053584
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001104659-24-084676
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 3.01, 3.03, 5.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1053584/000110465924084676/0001104659-24-084676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1053584/000110465924084676/tm2420574d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-084676

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