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Macatawa Bank Bottom Line Bolstered in Third Quarter


HOLLAND, MI (WHTC) - Third-quarter numbers from Macatawa Bank were good, as the Holland Township-based financial institution posted earnings of 6.6 million dollars, as compared to 1.1 million for the same three-month period a year ago. A one-time loan prepayment fee and negative provision for loan losses bolstered “solid operational results,” according to bank officials, while total loan delinquencies fell again to just over half of a percent.