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Macatawa Bank Corporation operates as the holding company for Macatawa Bank that provides various commercial and personal banking services. Its deposit products include checking accounts, savings accounts, negotiable order of withdrawal accounts, time deposits, money market savings accounts, certificates of deposit, and interest and noninterest bearing demand accounts. The companys loan portfolio comprises residential real estate, multifamily and commercial real estate, construction and development, and commercial business loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. It also offers cash management, safe deposit boxes, travelers checks, money orders, trust services, automated teller machines, Internet and telephone banking, and debit cards. In addition, Macatawa Bank provides personal trust services, including financial planning, investment management, trust and estate administration, and custodial services; and retirement plan services, including provision of various qualified retirement plans, such as profit sharing, 401(k)s, and pension plans. Further, the company offers brokerage services, including discount brokerage, personal financial planning, and consultation regarding mutual funds. As of March 31, 2009, it operated 26 branch offices, and a lending and operational service facility in Kent County, Ottawa County, and northern Allegan County, Michigan. The company was founded in 1997 and is headquartered in Holland, Michigan.
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