Macatawa Bank Corp (MCBC) Declares $0.02 Quarterly Dividend; 1.6% Yield
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Macatawa Bank Corporation Declares Dividend
October 27, 2014 9:00 AM EDTHOLLAND, Mich., Oct. 27, 2014 (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 $0.02 per share on its common stock to be paid on November 28, 2014 to shareholders of record on November 6, 2014.
This payment marks the fourth consecutive quarterly cash dividend since resumption of payment of cash dividends to common shareholders after a hiatus of over five years. Earlier this year, the Company's Board of Directors resumed payment of quarterly cash dividends to common shareholders given Macatawa's strong capital... More
Macatawa Bank Corporation Reports Third Quarter 2014 Results
October 23, 2014 4:15 PM EDTHOLLAND, Mich., Oct. 23, 2014 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) today announced its results for the third quarter of 2014, continuing its trend of improvement in key operating metrics and financial performance.
Net income of $2.8 million in the third quarter 2014, a 23% increase over third quarter 2013 net income of $2.2 million Total performing loan portfolio growth of $10.9 million in the third quarter 2014 Strong loan collection results exemplified by net recoveries once again net recoveries of $330,000 for the third quarter 2014, net recoveries in six of the previous seven quarters Low loan... More