Welcome to our dedicated page for Macatawa Bank news (Ticker: MCBC), a resource for investors and traders seeking the latest updates and insights on Macatawa Bank stock.
Macatawa Bank Corp (NASDAQ: MCBC) is the holding company for Macatawa Bank, a true community bank headquartered in Holland, Michigan. With 26 branch offices and a lending and operational service facility, Macatawa Bank serves Kent County, Ottawa County, and northern Allegan County, providing a broad array of commercial and consumer banking and trust services.
The bank's core offerings include commercial and industrial loans, commercial real estate loans, residential mortgages, and consumer loans. Additionally, Macatawa Bank provides internet banking, debit card services, and brokerage services. The company's revenue is primarily derived from interest and dividends earned on loans, securities, and other financial instruments.
Macatawa Bank is recognized for its commitment to the communities where it operates. The bank participates in hundreds of community events, and its employees volunteer thousands of hours each year to support local non-profit organizations. This dedication to community service has earned Macatawa Bank the title of the #1 bank in West Michigan, as voted by readers of Grand Rapids Magazine and Holland Sentinel.
The company recently reported strong financial performance for the second quarter of 2023, with a net income of $10.3 million, or $0.30 per diluted share, compared to $6.6 million, or $0.19 per diluted share, for the same period in 2022. Macatawa Bank's focus on maintaining high levels of liquidity, capital, and excellent asset quality positions it well to weather economic uncertainties and seize growth opportunities in its markets.
Macatawa Bank also offers a range of non-interest income services, including debit and credit card services, brokerage services, and trust management. The bank's non-interest expenses are carefully managed, with salaries and benefits being the largest component.
For those seeking career opportunities, Macatawa Bank is an equal opportunity employer that offers a supportive and inclusive work environment. The bank has been recognized for 13 years as one of West Michigan's 101 Best and Brightest Companies to Work For.
For more information, visit www.macatawabank.com.
Macatawa Bank (NASDAQ: MCBC) announced that shareholders overwhelmingly approved the acquisition by Wintrust Financial (NASDAQ: WTFC) at a Special Meeting of Shareholders. 95% of shares voted were in favor of the transaction. Richard L. Postma, Chairman of the Board of Macatawa, expressed satisfaction with the confidence shown by shareholders and noted the favorable reaction from customers, community, and shareholders regarding the partnership with Wintrust. The final voting results will be filed with the SEC as part of a Form 8-K.
FAQ
What is the current stock price of Macatawa Bank (MCBC)?
What is the market cap of Macatawa Bank (MCBC)?
What services does Macatawa Bank offer?
Where is Macatawa Bank headquartered?
How many branch offices does Macatawa Bank operate?
What are the recent financial results for Macatawa Bank?
What makes Macatawa Bank a true community bank?
Has Macatawa Bank received any awards?
What are Macatawa Bank's primary sources of revenue?
Is Macatawa Bank a good place to work?
How does Macatawa Bank support local non-profits?
How can I apply for a job at Macatawa Bank?
