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Macatawa Bank Corporation (MCBC)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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9.85-0.06 (-0.61%)
At close: 04:00PM EDT
9.85 0.00 (0.00%)
After hours: 04:01PM EDT

Macatawa Bank Corporation

10753 Macatawa Drive
Holland, MI 49424
United States
616 820 1444
https://www.macatawabank.com

Sector(s)Financial Services
IndustryBanks—Regional
Full-time employees279

Key executives

NameTitlePayExercisedYear born
Mr. Ronald L. HaanPres, CEO & Director537.66kN/A1954
Mr. Jon W. SwetsSr. VP, CFO & Sec.368.12kN/A1965
Mr. Craig A. HankinsonChief Operating Officer367.04kN/A1968
Mr. Jeffrey A. TatreauSr. VP & CTON/AN/AN/A
Ms. Jodi L. SevignySr. VP & Chief Marketing OfficerN/AN/AN/A
Leslie D. LeegwaterVP & HR Mang.N/AN/AN/A
Ms. Jill A. WalcottSr. VP & Chief Retail Banking OfficerN/AN/A1967
Mr. Jason M. BirchmeierSr. VP & Chief Credit OfficerN/AN/AN/A
Mr. Erich J. VanRavenswaaySr. VP & Chief Wealth Management OfficerN/AN/AN/A
Mr. Justin S. Van BeekSr. VP & Chief Risk OfficerN/AN/AN/A
Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that provides commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits. Its loan products include commercial and industrial loans comprising loans to finance operations and equipment; commercial real estate loans, which consist of construction and development, multi-family, and other non-residential real estate loans; and residential mortgage 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. The company also offers ATM and debit card processing, cash management, trust, and brokerage services. In addition, it provides fraud protection; collection services; disbursement solutions; fund management; and investment and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. As of December 31, 2021, the company had 26 full-service branches in Kent, Ottawa, and northern Allegan counties, Michigan. Macatawa Bank Corporation was incorporated in 1997 and is based in Holland, Michigan.

Corporate governance

Macatawa Bank Corporation’s ISS governance QualityScore as of 31 July 2022 is 6. The pillar scores are Audit: 8; Board: 3; Shareholder rights: 7; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.