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Report for: MCBC
HOLLAND, Mich., May 02, 2016 (GLOBE NEWSWIRE) — Macatawa Bank Corporation (MCBC) (the “Company” or “Macatawa”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per share on its common stock to be paid on May 27, 2016 to shareholders of record on May 13, 2016.
In the second quarter of last year Macatawa increased its dividend rate from $0.02 to $0.03 per share. The current quarter’s dividend is a continuation of this higher dividend rate and reflects the strong financial condition and growth in earnings performance of the Company.
About Macatawa Bank
Headquartered in Holland, Mich., Macatawa Bank offers a full range of banking, retail and commercial lending, wealth management and ecommerce services to individuals, businesses and governmental entities from a network of 26 full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties. The bank is recognized for its local management team and decision making, along with providing customers excellent service, a rewarding experience and superior financial products. Macatawa Bank has been recognized for the past five consecutive years as “West Michigan’s 101 Best and Brightest Companies to Work For”.
Source – Company Press Release
Broad street alerts has not been compensated for the mention of any publicly traded companies in this article nor do we own positions in any of the companies in this article.
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