Macatawa Bank Corporation (MCBC)

14.30 +0.02 (+0.14%) At close: 04:00PM EDT

Macatawa Bank Corporation

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

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 287

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jon W. Swets	CEO, President, Secretary & Director	384.52k	N/A	1965
Mr. Craig A. Hankinson	Chief Operating Officer	384.52k	N/A	1968
Mr. Ronald L. Haan	Director	559.06k	N/A	1954
Mr. Bryan L. Barker	Senior VP & CFO	N/A	N/A	N/A
Mr. Jeffrey A. Tatreau	Senior VP & CTO	N/A	N/A	N/A
Ms. Jodi L. Sevigny	Senior VP & Chief Marketing Officer	N/A	N/A	N/A
Leslie D. Leegwater	VP & Human Resources Manager	N/A	N/A	N/A
Ms. Jill A. Walcott	Senior VP & Chief Retail Banking Officer	250.79k	N/A	1967
Mr. Jason M. Birchmeier	Senior VP & Chief Credit Officer	N/A	N/A	N/A
Mr. Justin S. Van Beek	Senior VP & Chief Risk Officer	N/A	N/A	N/A

Amounts are as of 31 December 2022, 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 engages in the provision of 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, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.

Corporate governance

Macatawa Bank Corporation’s ISS governance QualityScore as of 1 April 2024 is 5. The pillar scores are Audit: 4; Board: 4; 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.