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Macatawa Bank and Wintrust Receive Crain’s M&A Award
Macatawa Bank and Wintrust Receive Crain’s M&A Award
Wintrust Financial Corporation and Macatawa Bank are honored to have received a Crain’s M&A award for the Largest Deal in Banking and Finance. Highlighting the dexterity required to navigate complex business landscapes, this award celebrates outstanding achievements in sustaining growth through innovative developments.
The $510.3 million acquisition was the largest merger involving a West Michigan bank in years.
“Macatawa Bank provides an ideal platform to expand into West Michigan with a very solid bank,” said Wintrust President and CEO Tim Crane. “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 providing Macatawa Bank’s customers with an expanded array of products and services and are thrilled to welcome Macatawa Bank clients and team members to the Wintrust family.”
Macatawa Bank Corporation and Wintrust Financial Corporation announced their merger agreement last spring, with Macatawa becoming Wintrust’s 16th successful community bank subsidiary.
“This award-winning partnership allows us to provide even better service to our customers, bringing together two companies that share a core community banking philosophy,” said Macatawa Chief Executive Officer Jon Swets. “While growing our presence, we’re thrilled to provide our customers access to a wider range of products, services, and resources. We look forward to the opportunities this partnership will present.”
