Macatawa Bank Posts Another Quarterly Dividend

HOLLAND TWP., MI (WHTC) – Macatawa Bank announced this morning a quarterly cash dividend of two cents per share, the fifth consecutive three-month payout since a five-year-long-plus “hiatus” of dividends ended over a year ago. Officials of the Holland Township-based financial institution say that strong capital position and consistent earnings performance led to the resumption of these payments to investors. The dividend report comes just a few days after Macatawa Bank announced year-end earnings of $10.5 million, a 9-point-7 percent increase in income from a year ago.