What is sad for West Michigan is this is just the start of a whole bunch of over-leveraged businesses who can't refinance a ton of debt--and MCBC--being a good steward to our community for years--is going to be the holder in the end--Done Deal!!
Zwxsty is correct...Don't praise MCBC as being a "good steward", they had loose lending practices and poor due dilligence. Many of those loans causing the bank trouble should never have been approved in the first place. MCBC has no one to blame but themselves.