Wintrust Financial Expands Board, Completes Macatawa Acquisition

Wintrust Financial (WTFC) just unveiled an update.

Wintrust Financial Corporation has appointed Richard Postma, the former Chairman of Macatawa Bank Corporation, to its Board of Directors. This move follows the acquisition of Macatawa by Wintrust, as part of their merger agreement. Postma is deemed independent according to Nasdaq standards and is set to serve until the next annual shareholders’ meeting, with intentions to nominate him for an additional year. The company has also amended its by-laws to adjust the number of directors. The completion of Macatawa’s acquisition by Wintrust was announced on August 1, marking a significant expansion for Wintrust.

For detailed information about WTFC stock, go to TipRanks’ Stock Analysis page.