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Macatawa Bank Posts Reduced Quarterly Earnings

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HOLLAND TWP., MI (WHTC) - Holland Township-based Macatawa Bank announced quarterly earnings for the first three months of 2013 today. It showed a pre-tax drop in earnings from 4.5 million dollars a year ago to 3.6 million, mostly due to what company officials called an “unusually” large loan recovery in early 2012. On the plus side, Macatawa Bank was released from regulatory control two weeks ago after several years of financial struggles.

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