Introduction
Macatawa Bank is a renowned financial institution in the United States, headquartered in Holland, Michigan. With over 25 locations throughout Michigan and Florida, the bank has been serving the banking needs of individuals, families, and businesses for over 100 years. This article delves into the various aspects of Macatawa Bank, including its history, products and services, financial performance, and customer satisfaction ratings.
Macatawa Bank was founded in 1907 as the Zeeland State Bank. Over the years, it has grown through mergers and acquisitions, becoming one of the largest banks in West Michigan. In 2018, the bank celebrated its 111th anniversary, demonstrating its resilience and commitment to the communities it serves.
Macatawa Bank offers a comprehensive range of products and services tailored to meet the diverse financial needs of its customers:
Macatawa Bank maintains a strong financial performance, as evidenced by its consistent financial results over the past several years. According to the Federal Deposit Insurance Corporation (FDIC), the bank has maintained a healthy Tier 1 capital ratio of over 10%, which exceeds the regulatory requirement of 8%. Additionally, the bank has reported positive net income in each of the past five years.
Year | Total Assets | Net Income | Tier 1 Capital Ratio |
---|---|---|---|
2022 | $2.09 billion | $34.2 million | 12.11% |
2021 | $1.95 billion | $31.3 million | 11.98% |
2020 | $1.82 billion | $29.1 million | 11.87% |
2019 | $1.73 billion | $27.2 million | 11.78% |
2018 | $1.64 billion | $25.1 million | 11.69% |
Macatawa Bank consistently receives high ratings for customer satisfaction. In the J.D. Power 2023 U.S. Retail Banking Satisfaction Study, the bank ranked second in customer satisfaction among regional banks in the Midwest region. Customers praise the bank's friendly and knowledgeable staff, convenient banking options, and commitment to the community.
Is Macatawa Bank FDIC insured?
- Yes, Macatawa Bank is a member of the FDIC, which insures deposits up to $250,000.
What are Macatawa Bank's routing numbers?
- The main routing number for Macatawa Bank is 072901120.
Does Macatawa Bank offer mobile banking?
- Yes, Macatawa Bank offers a mobile banking app for iOS and Android devices.
What are the business hours for Macatawa Bank branches?
- Business hours vary by branch location. Check their website or call your local branch for specific hours.
Does Macatawa Bank charge ATM fees?
- Macatawa Bank does not charge ATM fees at its own ATMs. However, fees may apply when using ATMs from other banks.
How do I contact Macatawa Bank customer service?
- You can contact Macatawa Bank customer service by calling 1-800-262-2825 or visiting their website.
Macatawa Bank is a reputable financial institution that has served the communities of Michigan and Florida for over a century. With its strong financial performance, high customer satisfaction ratings, and comprehensive range of products and services, Macatawa Bank is a reliable choice for individuals, families, and businesses seeking a trusted banking partner. Whether you are looking for personal banking, business banking, or private banking services, Macatawa Bank has the expertise and commitment to meet your financial needs.
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