Macatawa Bank Announces Dividend

HOLLAND TWP., MI (WHTC) – Macatawa Bank officials announced before the markets opened today a three-cent cash quarterly dividend for common stock holders, a penny increase from the previous three-month period. They cited the strong financial condition and growth in earnings performance for the Holland Township-based financial institution. Last week, Macatawa announced quarterly net income of 3.2 million dollars, up 17 percent from the second three months of 2014, and revenue growth of eight percent.