Macatawa Bank (MCBC) Announces Resignation of Chairman/CEO

February 10, 2009 4:34 PM EST

Macatawa Bank Corp. (Nasdaq: MCBC) today announced leadership changes at the board and executive level, including the resignation of Benj. A Smith III as Chairman and CEO. Smith will continue to serve as director of the holding company and the bank.

Robert E. DenHerder, currently a Director of the holding company and Macatawa Bank, has stepped into the role of chairman. Bank President Phillip J. Koning and Ronald L. Haan, Executive Vice President, will share the newly created post of Office of the Chief Executive. In this role, they will be responsible for providing strategic direction, ongoing leadership and day-to-day operational oversight of Macatawa Bank Corp.
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