HOLLAND — Macatawa Bank Corp. sits in a far better position today than it did in the recent past.
Macatawa Bank Corp. maintained strong earnings and lending growth in the first quarter.
The Holland-based Macatawa Bank (Nasdaq: MCBC) reported full-year net income of $12.7 million, or 38 cents per diluted share, which compares with $10.4 million, or 31 cents per diluted share, for 2014.
Spurred on by increased demand for its industrial welding equipment, Wyoming-based RoMan Manufacturing Inc. needed to expand. Luckily, the company had several options at its disposal to fund that growth, according to President and CEO Bob Roth.