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Wintrust acquired Macatawa Bank for $510.3 million in an all-stock deal. Macatawa has $2.7 billion in assets and 26 branches in West Michigan. The merger aims to enhance Wintrust's market presence and service offerings. Wintrust shares have gained 13.6% over the last six months, underperforming the industry.
- Wintrust acquired Macatawa Bank for $510.3 million in an all-stock deal.
- Macatawa has $2.7 billion in assets and 26 branches in West Michigan.
- The merger aims to enhance Wintrust's market presence and service offerings.
- Wintrust shares have gained 13.6% over the last six months, underperforming the industry.
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