TITLE

Macatawa's Capital Troubles Worsen

AUTHOR(S)
Fajt, Marissa
PUB. DATE
November 2009
SOURCE
American Banker;11/3/2009, Vol. 174 Issue 199, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
44996211

 

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