$信達金融(WTFC.US)$ NEWS Wintrust Financial Corporation and Macatawa Bank Corporation Announce Plans to Merge Wintrust Financial and Macatawa Bank have announced a merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. Macatawa, with approximately $2.7 billion in assets, will be acquired for an estimated $510.3 million, or $14.85 per share. The transaction is expected to close in the second half of 2024.
Insider buying in Wintrust Financial Corporation implies optimism, though purchases happened at lower share prices. Insider ownership is substantial but not standout, with no signs of doubt about the company.
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Wintrust Financial Corporation and Macatawa Bank Corporation Announce Plans to Merge
Wintrust Financial and Macatawa Bank have announced a merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. Macatawa, with approximately $2.7 billion in assets, will be acquired for an estimated $510.3 million, or $14.85 per share. The transaction is expected to close in the second half of 2024.
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