Macatawa Bank Corporation Declares Quarterly Cash Dividend

Business Wire, August 23, 2006

HOLLAND, Mich. -- Macatawa Bank Corporation (NASDAQ:MCBC) announced that its board of directors declared a quarterly cash dividend of twelve cents ($.12) per share payable September 28, 2006, to shareholders of record on September 7, 2006. This marks the twenty-fourth consecutive quarterly cash dividend since the eight year old banking company began paying cash dividends in the fourth quarter of 2000. The dividend amount represents a 26% increase over the third quarter 2005 cash dividend after considering the effects of both the 5% stock dividend paid in May 2006 and the 3-for-2 stock split distributed in June 2006.

Headquartered in Holland, Michigan, Macatawa Bank Corporation is the parent company for Macatawa Bank and Macatawa Investment Services, Inc. Through its subsidiaries, the Corporation offers a full range of banking, investment and trust services to individuals, businesses, and governmental entities from a network of 24 full service branches located in communities in Kent County, Ottawa County, and northern Allegan County. Services include commercial, consumer and real estate financing; business and personal deposit services, ATM, telephone and Internet banking services, trust and employee benefit plan services and various investment services. The Corporation emphasizes its local management team and decision making, along with providing its customers excellent service and superior financial products.

"CAUTIONARY STATEMENT: This press release contains certain forward-looking statements that involve risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services, pricing. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release."