M&A Deal Summary

Wintrust Acquires Macatawa Bank

On April 15, 2024, Wintrust acquired business services company Macatawa Bank for 510M USD

Acquisition Highlights
  • This is Wintrust’s 1st transaction in the Business Services sector.
  • This is Wintrust’s largest (disclosed) transaction.
  • This is Wintrust’s 18th transaction in the United States.
  • This is Wintrust’s 1st transaction in Michigan.

M&A Deal Summary
Date 2024-04-15
Target Macatawa Bank
Sector Business Services
Buyer(s) Wintrust
Deal Type Merger
Deal Value 510M USD
Advisor(s) Morgan Stanley (Financial)
Warner Norcross & Judd (Legal)

Target

Macatawa Bank

Holland, Michigan, United States
Macatawa Bank offers a full range of banking, retail and commercial lending, wealth management, and e-commerce services to individuals, businesses, and governmental entities from a network of 26 full-service branches located throughout communities in Kent, Ottawa, and northern Allegan counties. Macatawa Bank is based in Holland, Michigan.

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Buyer(S) 1

Buyer

Wintrust

Rosemont, Illinois, United States
Category Company
Founded 1991
Sector Financial Services
Employees5,521
Revenue 2.3B USD (2023)
DESCRIPTION
Entrance to Wintrust's corporate headquarters in Rosemont, Illinois.
Entrance to Wintrust's corporate headquarters in Rosemont, Illinois.

Wintrust is a financial services company that provides traditional community banking services, commercial banking, wealth management services, commercial insurance premium financing, life insurance premium financing, mortgage origination, short-term accounts receivable financing, and certain administrative services, such as data processing of payrolls, billing and treasury management services. The Company serves the greater Chicago, Illinois and southern Wisconsin metropolitan areas. Wintrust was founded in 1991 and is based in Rosemont, Illinois.

DEAL STATS #
Overall 18 of 18
Sector (Business Services) 1 of 1
Type (Merger) 1 of 1
State (Michigan) 1 of 1
Country (United States) 18 of 18
Year (2024) 1 of 1
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-25 Countryside Bank

Countryside, Illinois, United States

Countryside Bank (SBC, Inc.) is an Illinois state-chartered bank, which operates six banking offices located in the communities of Countryside, Burbank, Darien, Homer Glen, Oak Brook and Chicago, Illinois.

Buy $91M
Mergr

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Company

Legal