Macatawa Bank Posts Another Round of Quarterly Dividends

HOLLAND TWP., MI (WHTC) – Macatawa Bank officials have announced a three-penny-per-share quarterly dividend on its common stock, a 50-percent increase from the previous three-month period, and the sixth consecutive quarter of payouts. The dividends resumed early last year, as the Holland Township-based financial institution recovered from tough economic times through what officials say was strengthening its capital position and maintaining a consistent earnings performance over time.