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BRIEF-Wintrust Financial And Macatawa Bank Announce Plans To Merge
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BRIEF-Wintrust Financial And Macatawa Bank Announce Plans To Merge
Apr 15, 2024 2:33 PM

April 15 (Reuters) - Macatawa Bank Corp ( MCBC ):

* WINTRUST FINANCIAL CORPORATION AND MACATAWA BANK

CORPORATION

ANNOUNCE PLANS TO MERGE

* MACATAWA BANK CORP ( MCBC ) - HAVE ENTERED INTO A DEFINITIVE MERGER

AGREEMENT FOR WINTRUST TO ACQUIRE MACATAWA IN AN ALL-STOCK

TRANSACTION

* MACATAWA BANK CORP ( MCBC ) - PROPOSED DEAL FOR $510.3 MILLION

* MACATAWA BANK CORP ( MCBC ) - PROPOSED DEAL FOR $14.85 PER SHARE

* MACATAWA BANK CORP ( MCBC ) - TRANSACTION IS EXPECTED TO CLOSE H2

2024

AND IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON WINTRUST'S 2024

EARNINGS PER SHARE

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