MCBC - Dividend announcements

HOLLAND, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share on its common stock to be paid on May 30, 2024 to shareholders of record on May 13, 2024. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company. About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of banking, retail and commerci

HOLLAND, Mich., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share on its common stock to be paid on February 28, 2024 to shareholders of record on February 13, 2024. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company. About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of banking, retail a

HOLLAND, Mich., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share on its common stock to be paid on November 29, 2023 to shareholders of record on November 14, 2023. This quarter's dividend payment represents a 12% increase from the previous quarterly dividend rate of $0.08 per share. "We are pleased to provide an increase in the amount of the dividend payment to our shareholders," said Jon Swets, incoming President and CEO of the Company. "Both the continued growth in Company earnings performance and our strong capital position make t

HOLLAND, Mich., July 27, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock to be paid on August 30, 2023 to shareholders of record on August 15, 2023. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company. About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of banking, retail and com

HOLLAND, Mich., April 27, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock to be paid on May 30, 2023 to shareholders of record on May 15, 2023. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company. About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of banking, retail and commerci

HOLLAND, Mich., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock to be paid on February 28, 2023 to shareholders of record on February 13, 2023. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company.              About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of bankin

HOLLAND, Mich., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock to be paid on November 30, 2022 to shareholders of record on November 15, 2022. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company.              About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of bank

HOLLAND, Mich., July 28, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock to be paid on August 25, 2022 to shareholders of record on August 11, 2022. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company. About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of banking, retail and c

HOLLAND, Mich., April 28, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock to be paid on May 26, 2022 to shareholders of record on May 12, 2022. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company. About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of banking, retail and commer

HOLLAND, Mich., April 28, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC), the holding company for Macatawa Bank (collectively, the "Company"), today announced its results for the first quarter 2022. Net income of $6.0 million in first quarter 2022 versus $7.8 million in first quarter 2021Decline in first quarter 2022 earnings from prior year primarily due to decrease in Paycheck Protection Program ("PPP") loan fees recognized and lower mortgage banking incomeProvision for loan losses benefit of $1.5 million in first quarter 2022 reflecting improvement in economic conditions and net recoveries of $227,000 for the quarterLoan portfolio balances, excluding PPP loans, up by

HOLLAND, Mich., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock to be paid on February 24, 2022 to shareholders of record on February 10, 2022. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company.              About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of bankin

HOLLAND, Mich., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC), the holding company for Macatawa Bank (collectively, the "Company"), today announced its results for the fourth quarter and full year of 2021. Full year 2021 net income of $29.0 million versus $30.2 million in prior yearNet income of $6.2 million in fourth quarter 2021 versus $9.0 million in fourth quarter 2020Decline in fourth quarter 2021 earnings from prior year fourth quarter earnings primarily due to decrease in Paycheck Protection Program ("PPP") loan fees recognizedProvision for loan losses benefit of $750,000 in fourth quarter 2021 reflecting improvement in economic conditionsContinued expen

HOLLAND, Mich., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock to be paid on November 29, 2021 to shareholders of record on November 11, 2021. Despite challenges posed by current economic conditions, Macatawa has continued to perform well. This dividend reflects the strong financial condition and earnings performance of the Company. About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa B

HOLLAND, Mich., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC), the holding company for Macatawa Bank (collectively, the "Company"), today announced its results for the third quarter 2021. Net income of $7.2 million in third quarter 2021 versus $7.1 million in third quarter 2020Provision for loan losses benefit of $550,000 in the third quarter 2021 versus $500,000 provision expense in the third quarter 2020Loan portfolio balances down by $405.7 million (26%) from third quarter 2020 reflecting a net decrease of $261.6 million in PPP loans in the same time periodNew commercial loan origination activity accelerated in the third quarter 2021 - $114.6 million ver

HOLLAND, Mich., July 26, 2021 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock to be paid on August 26, 2021 to shareholders of record on August 11, 2021. Despite the economic challenges posed by the COVID-19 pandemic, Macatawa has continued to perform well. This dividend reflects the strong financial condition and earnings performance of the Company.              About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, M

HOLLAND, Mich., April 26, 2021 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock to be paid on May 27, 2021 to shareholders of record on May 12, 2021. Despite the economic challenges posed by the COVID-19 pandemic, Macatawa has continued to perform well. This dividend reflects the strong financial condition and earnings performance of the Company.              About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., M

HOLLAND, Mich., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share on its common stock to be paid on February 25, 2021 to shareholders of record on February 10, 2021. Despite the economic challenges posed by the COVID-19 pandemic, Macatawa has continued to perform well. This dividend reflects the strong financial condition and earnings performance of the Company. About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Maca