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New Deal


Announced

Wintrust to merge with Macatawa Bank in a $510m deal.

Financials

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Transaction Value£409m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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banking services

financial services

United States

Banks

Acquisition

Domestic

Majority

Pending

Friendly

Single Bidder

Public

Synopsis

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Wintrust, a financial services company, agreed to merge with Macatawa Bank, a provider of investment and financial services, in a $510m deal. “Macatawa provides an ideal platform to expand into West Michigan with a very solid bank. The bank has a strong core deposit base, exceptional asset quality, a client focused culture, and a committed leadership team. Together, we will be a formidable, community-minded competitor to the other banks in the area. We look forward to the combined synergies that our two firms can realize while providing Macatawa’s customers with an expanded array of products and services,” Timothy S. Crane, Wintrust President and CEO.

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