Macatawa's Capital Troubles Worsen

Fajt, Marissa
November 2009
American Banker;11/3/2009, Vol. 174 Issue 199, p6
Trade Publication
The article reports that Macatawa Bank Corp. in Holland, Michigan needs more capital because of increasing losses. The company has assets of $1.98 billion and it announced that it went toa $20.9 million loss in the third quarter from a profit of $1.9 million one year earlier. Information is also reported about the risk-based capital ratio.


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