Brief: Wintrust Financial And Macatawa Bank Announce Plans To Merge

Macatawa Bank

15/04/2024 22:11

April 15 (Reuters) - Macatawa Bank Corp  MCBC.O :
    * WINTRUST FINANCIAL CORPORATION AND MACATAWA BANK
CORPORATION
ANNOUNCE PLANS TO MERGE
    * MACATAWA BANK CORP - HAVE ENTERED INTO A DEFINITIVE MERGER
AGREEMENT FOR WINTRUST TO ACQUIRE MACATAWA IN AN ALL-STOCK
TRANSACTION
    * MACATAWA BANK CORP - PROPOSED DEAL FOR $510.3 MILLION
    * MACATAWA BANK CORP - PROPOSED DEAL FOR $14.85 PER SHARE
    * MACATAWA BANK CORP - TRANSACTION IS EXPECTED TO CLOSE H2
2024
AND IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON WINTRUST'S 2024
EARNINGS PER SHARE

Source text for Eikon:  ID:nGNXbvxBRc 
Further company coverage:  MCBC.O 

 ((Reuters.Briefs@thomsonreuters.com;))