Macatawa Bank CORP: directors' dealings · United States · SEC (Form 4)

About Macatawa Bank CORP

MACATAWA BANK CORP (ticker: MCBC) was a U.S. regional banking company focused on West Michigan. The company was incorporated in 1997 and built its franchise around community banking for individuals, businesses, and public-sector organizations. Its headquarters were in Holland, Michigan, United States. MCBC was listed on NASDAQ before being acquired by Wintrust Financial Corporation in 2024, so it should now be viewed through a legacy and post-acquisition lens rather than as an active standalone NYSE/NASDAQ-listed issuer. That distinction matters for investors analyzing SEC Form 4 insider transactions, because the filings reflect a company that is no longer independently traded. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1053584/000114036123007466/brhc10048271_10k.htm?utm_source=openai)) From an operating perspective, Macatawa Bank offered a broad set of retail and commercial banking services. Its core product suite included checking and savings accounts, commercial lending, commercial real estate loans, construction financing, residential mortgages, treasury management, and deposit products tailored to business clients. The bank also complemented its franchise with wealth management, asset management, and eCommerce-related services. This made Macatawa a relationship-driven community bank with a strong emphasis on small and middle-market commercial clients, local deposits, and lending tied to its home market rather than a national scale platform. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1053584/000090572923000148/mcbcex991_101923.htm?utm_source=openai)) Geographically, the company was concentrated in western Michigan, with a branch network centered in Kent, Ottawa, and northern Allegan counties. Public materials referenced 26 full-service retail branches, which reinforced its positioning as a locally embedded franchise serving a defined economic corridor around the Grand Rapids and Holland markets. In competitive terms, Macatawa operated in a highly fragmented banking landscape, competing with other community banks and larger regional institutions. Its appeal lay in local relationship banking, a comparatively stable deposit base, and credit expertise in commercial real estate and business lending. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001053584/000090572924000065/mcbcex993_041524.htm?utm_source=openai)) The most important recent development was the completion of Wintrust’s acquisition of Macatawa in 2024. As a result, MCBC ceased to be an independent public-company growth story and became part of a larger banking group. For equity investors, that shifts the analytical focus from standalone fundamentals to acquisition close-out effects, integration execution, and the historical value of insider transaction patterns before the deal. In short, MCBC was a Michigan-focused community bank with a strong local franchise, but it is now best understood as a legacy listed bank that has already been absorbed into Wintrust. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1015328/000101532825000093/wtfc-20241231.htm?utm_source=openai))