Macatawa Bank Corporation Declares Quarterly Cash Dividend

Business Wire, May 30, 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 June 30, 2006, to shareholders of record on June 12, 2006. This cash dividend follows a 5% stock dividend paid May 30, 2006, and will follow the 3-for-2 stock split to be distributed on June 29, 2006. Therefore the cash dividend represents a 5% increase over the first quarter 2006 cash dividend and a 26% increase over the second quarter of 2005 after considering the effects of both the stock dividend and the stock split.

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, and 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."