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Macatawa Bank Corp. (MCBC)

5.07 0.04(0.78%) Sep 2, 4:00PM EDT
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Macatawa Bank Corp.
10753 Macatawa Drive
Holland, MI 49424
United States - Map
Phone: 616-820-1444

Index Membership:N/A
Industry:Regional - Midwest Banks
Full Time Employees:348

Business Summary 

Macatawa Bank Corporation operates as the holding company for Macatawa Bank that provides commercial and personal banking services in western Michigan. Its deposit products include business and consumer checking accounts, regular and money market savings accounts, and certificates of deposits. The company’s loan products portfolio comprises commercial and industrial loans offered to finance operations and equipment; commercial real estate loans primarily comprising construction and development loans, and multi-family and other non-residential real estate loans; retail loans that principally consist of residential mortgage loans; and consumer loans, such as automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. It also offers cash management, safe deposit boxes, trust, retirement planning, ATMs, Internet banking, telephone banking, debit cards, and various brokerage services, including discount brokerage, personal financial planning, and consultation regarding mutual funds. The company serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities through 26 branch offices, as well as a lending and operation service facility in Ottawa County, Kent County, and northern Allegan County, Michigan. Macatawa Bank Corporation was founded in 1997 and is headquartered in Holland, Michigan.

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Corporate Governance 
Macatawa Bank Corp.’s ISS Governance QuickScore as of Sep 1, 2014 is 7. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 7; Compensation: 6.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Ronald L. Haan , 60
Chief Exec. Officer, Pres, Director, Chairman of Macatawa Bank, Chief Exec. Officer of Macatawa Bank and Pres of Macatawa Bank
Mr. Jon W. Swets , 48
Chief Financial Officer, Principal Accounting Officer, Sr. VP, Sec., Chief Financial Officer of Macatawa Bank and Sr. VP of Macatawa Bank
Ms. Jill A. Walcott , 47
Chief Retail Banking Officer, Sr. VP, Chief Retail Banking Officer of Macatawa Bank and Sr. VP of Macatawa Bank
Mr. Craig A. Hankinson , 46
Chief Credit Officer, Sr. VP, Chief Credit Officer of Macatawa Bank and Sr. VP of Macatawa Bank
Mr. Matthew D. Hoeksema , 42
Chief Commercial Banking Officer, Sr. VP, Chief Commercial Banking Officer of Macatawa Bank and Sr. VP of Macatawa Bank
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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