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Macatawa Bank Corporation

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. As of August 1, 2024, Macatawa Bank Corporation was acquired by Wintrust Financial Corporation.

Market Cap

$509.2M

Volume

56.6K

Cash and Equivalents

$358.5M

EBITDA

N/A

Tax Rate Collected

N/A

Tax Rate Ratio

N/A

Gross Profit

$103.6M

Profit Margin

N/A

52 Week High

$15.16

52 Week Low

$8.31

Dividend

2.43%

Price / Book Value

1.74

Price / Earnings

12.40

Price / Tangible Book Value

1.74

Enterprise Value

N/A

Enterprise Value / EBITDA

N/A

Operating Income

$52.2M

Return on Equity

14.82%

Return on Assets

1.56

Cash and Short Term Investments

$364.0M

Debt

$25.6M

Equity

$293.0M

Revenue

$103.6M

Unlevered FCF

N/A

Sector

Banks

Category

N/A

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