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Tuesday, November 10, 2009, 6:50PM ET - U.S. Markets Closed. Dow Up 0.20% Nasdaq Down 0.14%
Macatawa Bank Corp. (MCBC)At 3:59PM ET: 1.95  Down 0.01 (0.51%)  
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Macatawa Bank Corp.
10753 Macatawa Drive
Holland, MI 49424
United States - Map
Phone: 616-820-1444
Fax: 616-748-9616
Web Site: http://www.macatawabank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Midwest Banks
Full Time Employees:338

BUSINESS SUMMARY 
Macatawa Bank Corporation operates as the holding company for Macatawa Bank that provides various commercial and personal banking services. Its deposit products include checking accounts, savings accounts, negotiable order of withdrawal accounts, time deposits, money market savings accounts, certificates of deposit, and interest and noninterest bearing demand accounts. The company’s loan portfolio comprises residential real estate, multifamily and commercial real estate, construction and development, and commercial business loans, as well as consumer loans, including 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, traveler’s checks, money orders, trust services, automated teller machines, Internet and telephone banking, and debit cards. In addition, Macatawa Bank provides personal trust services, including financial planning, investment management, trust and estate administration, and custodial services; and retirement plan services, including provision of various qualified retirement plans, such as profit sharing, 401(k)s, and pension plans. Further, the company offers brokerage services, including discount brokerage, personal financial planning, and consultation regarding mutual funds. As of March 31, 2009, it operated 26 branch offices, and a lending and operational service facility in Kent County, Ottawa County, and northern Allegan County, Michigan. The company was founded in 1997 and is headquartered in Holland, Michigan.
Key Statistics

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    CORPORATE GOVERNANCE 
    Macatawa Bank Corp.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 23.8% of CGQ Universe companies and 10.5% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Ronald L. Haan , 55
    Chief Exec. Officer, Sec., Treasurer, Director, Chairman of Macatawa Bank, Chief Exec. Officer of Macatawa Bank and Pres of Macatawa Bank
    $ 273.00K $ 0
    Mr. Benj. A. Smith III, 65
    Founder
    $ 306.00K $ 0
    Mr. Jon W. Swets , 43
    Chief Financial Officer, Principal Accounting Officer, Sr. VP, Chief Financial Officer of Macatawa Bank and Sr. VP of Macatawa Bank
    $ 193.00K $ 0
    Mr. Philip J. Koning , 54
    Exec. VP of Macatawa Bank of Macatawa Bank
    $ 298.00K $ 0
    Mr. Vicki K. DenBoer ,
    Sr. VP of Retail Lending
    N/A N/A
    Dollar amounts are as of 31-Dec-08 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.
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