OverviewSuggest Edit

Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank. The Company offers a range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services, mortgage and consumer loans.

TypePublic
Founded1997
HQHolland, US
Websitemacatawabank.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2018)292(-1%)
Job Openings14
Revenue (FY, 2018)$17.5 M
Share Price (Nov 2019)$10.7

Key People/Management at Macatawa Bank

Richard L. Postma

Richard L. Postma

Chairman Macatawa Bank Corporation CEO of US Signal Co., LLC, Chairman Macatawa Bank Corporation CEO U.S. Signal Co., LLC
Ronald L. Haan

Ronald L. Haan

President & CEO, President & CEO Macatawa Bank Corporation, Chairman, President & CEO Macatawa Bank
Charles A. Geenen

Charles A. Geenen

Partner GDK Construction Company
Robert Lynn Herr

Robert Lynn Herr

CPA Retired
Birgit Maria Klohs

Birgit Maria Klohs

President the Right Place Program, President the Right Place Inc
Michael K. Le Roy

Michael K. Le Roy

President Calvin College
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Macatawa Bank Office Locations

Macatawa Bank has an office in Holland
Holland, US (HQ)
10753 Macatawa Dr
Show all (2)

Macatawa Bank Financials and Metrics

Macatawa Bank Revenue

Macatawa Bank's revenue was reported to be $17.50 m in FY, 2018
USD

Revenue (Q3, 2019)

5.2m

Net income (Q3, 2019)

8.2m

Market capitalization (15-Nov-2019)

364.5m

Closing stock price (15-Nov-2019)

10.7

Cash (30-Sep-2019)

50.9m

EV

354.8m
Macatawa Bank's current market capitalization is $364.5 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

14.9m15.6m64.8m63.2m17.8m19.1m17.4m17.5m

Revenue growth, %

(2%)(22%)6%

Sales and marketing expense

834.0k929.0k951.0k1.0m882.0k881.0k

R&D expense

1.3m1.3m2.5m2.8m2.8m3.0m
USDY, 2019

EV/CFO

15.4 x

Debt/Equity

0.2 x

Financial Leverage

10.1 x
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Macatawa Bank Operating Metrics

Macatawa Bank's Total Loans was reported to be $1.3b in Q2, 2017.
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Macatawa Bank Online and Social Media Presence

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Macatawa Bank News and Updates

Macatawa Bank Corporation Reports Second Quarter 2019 Results

HOLLAND, Mich., July 25, 2019 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC) today announced its results for the second quarter of 2019, reflecting continued strong financial performance.

Macatawa Bank Corporation Reports First Quarter 2019 Results

HOLLAND, Mich., April 25, 2019 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC) today announced its results for the first quarter of 2019, reflecting continued strong financial performance.

Macatawa Bank Frequently Asked Questions

  • When was Macatawa Bank founded?

    Macatawa Bank was founded in 1997.

  • Who are Macatawa Bank key executives?

    Macatawa Bank's key executives are Richard L. Postma, Ronald L. Haan and Charles A. Geenen.

  • How many employees does Macatawa Bank have?

    Macatawa Bank has 292 employees.

  • What is Macatawa Bank revenue?

    Latest Macatawa Bank annual revenue is $17.5 m.

  • What is Macatawa Bank revenue per employee?

    Latest Macatawa Bank revenue per employee is $59.9 k.

  • Who are Macatawa Bank competitors?

    Competitors of Macatawa Bank include HSBC, Wintrust and City Holding.

  • Where is Macatawa Bank headquarters?

    Macatawa Bank headquarters is located at 10753 Macatawa Dr, Holland.

  • Where are Macatawa Bank offices?

    Macatawa Bank has an office in Holland.

  • How many offices does Macatawa Bank have?

    Macatawa Bank has 2 offices.