MCBC Macatawa Bank Corp.

Macatawa Bank Corp. and Macatawa Bank Announce Leadership Transition

Macatawa Bank Corp. and Macatawa Bank Announce Leadership Transition

HOLLAND, Mich., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corp. and Macatawa Bank today announced Ronald L. Haan will retire Nov. 1 after more than 18 years of leadership and service at Macatawa. The board has appointed Jon Swets as president and CEO and Bryan Barker as chief financial officer effective at that time.

Swets, who joined Macatawa Bank in 2002 to serve as senior vice president and chief financial officer, brings more than two decades of banking and leadership experience with Macatawa Bank to the position. Barker, an experienced CPA who joined Macatawa Bank in 2010 as senior accounting and reporting manager, will move into Swets’s former role.

Haan, appointed president and CEO of the Company and the Bank in 2009, will continue to serve the remainder of his term on the board, which will expire May 2024. He will also stay engaged with community relations, customer development and customer meetings from his office in the downtown Grand Rapids location for a period of time following his retirement.

Swets will also be supported by an experienced executive team consisting of 10 individuals with more than 100 years of combined service and leadership with Macatawa Bank.

“We are pleased to welcome Jon into his new leadership role as president and CEO and Bryan as CFO,” said Richard Postma, chairman of Macatawa Bank Corp. and Macatawa Bank. “They have been integral members of our dedicated team for many years and have a breadth of banking and leadership experience that will serve us, our shareholders and our customers well.

“We thank Ron for his service and contributions to help Macatawa become one of West Michigan’s most trusted community banks.”

Swets brings more than 36 years of experience in banking, finance, accounting and management to his new role. Prior to joining Macatawa Bank, Swets served as a banking practice partner for Crowe Chizek and held the position of chief financial officer for AmeriBank until its acquisition by Fifth Third Bank.

In his new role, Swets will oversee the overall operations and strategic direction of the Company and the Bank, which has nearly 400 employees serving customers across 26 full-service branches throughout Kent, Ottawa and northern Allegan counties.

“I’m honored to be part of an experienced and quality executive team who will continue to lead the day-to-day operations of Macatawa Bank,” Swets said. “Our board has done a wonderful job of setting the tone and establishing a sense of discipline that has been our guiding force for the past 15 years.”

In addition to his public accounting and banking experience, Swets has also served in his community as a director at Pine Rest Christian Mental Health Services, Grandville Calvin Christian Schools and Foundation, Camp Roger and CRC Loan Fund.

Barker is an experienced CPA with more than 20 years of experience in the financial services industry, with a particular focus on publicly traded institutions. Prior to joining Macatawa Bank, he worked for a top-10 CPA firm for nearly 17 years.

Haan has been in banking since 1975 working in various capacities, serving in many roles during his tenure with Macatawa. Prior to joining the bank, he served in key leadership roles at other financial institutions headquartered in West Michigan.

“I have been fortunate to have had a great banking career spanning nearly five decades with the last 18 years with Macatawa,” Haan said. “The opportunity to serve our shareholders, customers and employees has been a privilege for me. I look forward to continuing my community involvement and customer relationships while seeing the Bank’s future accomplishments and growth under new leadership.”

About Macatawa Bank

Headquartered in Holland, Michigan Macatawa Bank offers a full range of banking, retail and commercial lending, wealth management, and eCommerce services to individuals, businesses and governmental entities. Macatawa has a network of 26 full-service branches located throughout communities in Kent, Ottawa, and northern Allegan counties. The bank is recognized for its local management team and decision making, along with providing customers excellent service, a rewarding experience, and superior financial products. Macatawa Bank has been recognized as one of West Michigan's Best and Brightest Companies to Work For® since 2012. For more information, visit .



CONTACT:
Jill Walcott, Chief Retail Banking Officer, SVP
Macatawa Bank, 10753 Macatawa Drive, Holland MI  49424
P: 616.820.1317  E:  
EN
19/10/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Macatawa Bank Corp.

 PRESS RELEASE

Macatawa Bank Corporation Announces Special Meeting Results

Macatawa Bank Corporation Announces Special Meeting Results HOLLAND, Mich., July 31, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced that at the Special Meeting of Shareholders (the “Special Meeting”) held earlier today, Macatawa shareholders overwhelmingly voted to approve the acquisition of Macatawa by Wintrust Financial Corporation (“Wintrust”) (NASDAQ: WTFC). “We are very pleased with the confidence our shareholders have expressed in this transaction, as 95 percent of shares voted ...

 PRESS RELEASE

Macatawa Bank Corporation Declares Quarterly Dividend

Macatawa Bank Corporation Declares Quarterly Dividend HOLLAND, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share on its common stock to be paid on May 30, 2024 to shareholders of record on May 13, 2024. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company. About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding c...

 PRESS RELEASE

Macatawa Bank Corporation Reports First Quarter 2024 Results

Macatawa Bank Corporation Reports First Quarter 2024 Results HOLLAND, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the first quarter 2024. Net income of $9.8 million in first quarter 2024 – a decrease from $12.0 million earned in first quarter 2023 and an increase from $9.5 million earned in fourth quarter 2023Net interest margin of 3.26% in first quarter 2024 versus 3.44% in first quarter 2023 and 3.28% in fourth quarter 2023Continued loan portfolio...

 PRESS RELEASE

Macatawa Bank Corporation Declares Quarterly Dividend

Macatawa Bank Corporation Declares Quarterly Dividend HOLLAND, Mich., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share on its common stock to be paid on February 28, 2024 to shareholders of record on February 13, 2024. Macatawa has continued to produce favorable results. This dividend reflects the strong financial condition and earnings performance of the Company. About Macatawa Bank CorporationMacatawa Bank Corporation is the ban...

 PRESS RELEASE

Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2023 Re...

Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2023 Results HOLLAND, Mich., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the fourth quarter and full year 2023. Full year net income of $43.2 million in 2023 – a 24% increase over $34.7 million in the prior yearNet income of $9.5 million in fourth quarter 2023 – a decrease from $12.1 million earned in fourth quarter 2022 and from $11.4 million earned in third quarter 2023Fourth quarter 2023 net ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch