Wintrust Financial in Rosemont, Illinois, has agreed to buy Macatawa Bank in Holland, Michigan. The $57 billion-asset Wintrust said in a news release that it will pay $510.3 million in stock for the $2.7 billion-asset Macatawa. The deal is expected to close in the second half of the year.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
Grasshopper Bank in New York City has agreed to buy Auto Club Trust in Dearborn, Michigan. The $485 million-asset Auto Club Trust is a federal savings bank owned by The Auto Club Group.
When it comes to fighting financial crime, strong partnerships between the public and private sectors are essential, ABA President and CEO Rob Nichols said at the ABA/ABA Financial Crimes Enforcement Conference.
New government guidance for financial institutions provides best practices for compliance with the Export Administration Regulations, which officials say is crucial as threats from certain countries grow.
A “substantial majority” of Federal Open Market Committee participants supported the decision to lower target range for the federal funds rate by 50 basis points during its most recent meeting in September, with some arguing the committee should...
ABA, Nebraska Bankers Association ad highlights Rep. Don Bacon’s (R-Neb.) support of legislation that boosts small businesses and incentivizes community development and job growth across Nebraska’s diverse communities.
ABA Chief Economist Sayee Srinivasan has been named a member of the Federal Reserve Bank of New York’s new committee to study key issues regarding reference rates, including how their use is evolving.
