Announced
Financials
Tags
banking services
financial services
United States
Banks
Acquisition
Domestic
Majority
Pending
Friendly
Single Bidder
Public
Synopsis
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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