Macatawa Bank

What Macatawa Bank does

Macatawa Bank, N.A., founded in 1997 and headquartered in Holland, Michigan, is a federally chartered community bank serving personal, small business, and commercial customers across West Michigan, primarily in Kent, Ottawa, and Allegan counties. The bank operates more than 20 physical branch locations and is supported by the Wintrust Digital Banking platform, a mobile app with mobile deposit capture, Zelle for peer-to-peer payments, and ATM access through the Allpoint, MoneyPass, and SUM networks. Its product set spans consumer checking and savings tiers (Total Access, Access Plus, Premier, Money Smart), credit cards via Elan Financial Services, residential mortgages through Wintrust Mortgage, home equity lines, personal loans, HSAs with an optional Vanguard investment sweep, and a full small business and commercial banking suite including SBA loans, cash management, treasury management, MaxSafe FDIC sweep, and industry-specific commercial lending.

The bank generates revenue primarily through net interest income from lending activities and deposits, supplemented by transaction and service fees, mortgage origination, and wealth management fees routed through Wintrust Wealth Management. Pricing follows a subscription-like relationship tiering model with monthly maintenance fees waived at specified balance thresholds, usage-based pricing on home equity lines, and unit pricing on small fixed-rate personal loans. Distribution combines a community-led, relationship-based go-to-market anchored by local decision-making authority with a direct-to-consumer channel across branches, digital, and ATM.

Since August 1, 2024, Macatawa Bank has operated as a wholly-owned subsidiary of Wintrust Financial Corporation, a diversified financial services company with over $70 billion in assets. The acquisition added approximately $2.4 billion in loans and $3.4 billion in deposits to Wintrust's network and gave Macatawa customers access to institutional-grade products while preserving the community-bank brand, local management, and West Michigan identity.

Name

Macatawa Bank

Legal name

Macatawa Bank, N.A.

Website

https://macatawabank.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

251–500 employees

Short description

Macatawa Bank is a West Michigan community bank serving personal, small business, and commercial customers across 20+ branches in Kent, Ottawa, and Allegan counties, now operating as a subsidiary of Wintrust Financial Corporation.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA)

Keywords

• Community banking services
• Commercial lending
• Small business lending
• Retail banking
• Wealth management

Headquarters

HQ city

Holland

HQ country

United States

HQ region

North America

Offices26 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income from lending activities including commercial loans, residential mortgages, consumer loans, and home equity lines of credit. Interest paid on deposits.
2. Fee-based Services: Transaction fees, service charges, overdraft fees (consumer overdraft fees eliminated), wire transfer fees, safe deposit box rentals, and ATM fees.
3. Mortgage Banking: Mortgage origination and lending through Wintrust Mortgage division, offering purchase, refinance, and home equity solutions.
4. Wealth Management: Asset management, private banking, investment services, and trust services through Wintrust Wealth Management.
5. Commercial Banking: Commercial lending, treasury management, and business banking services for commercial customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Macatawa Bank is a community bank that provides deposit accounts, consumer and commercial lending, mortgages, wealth management, and treasury management services to individuals, small businesses, and commercial customers across West Michigan. Operating as part of the Wintrust Community Banks network, the bank delivers relationship-based banking through 26 branches, digital channels, and specialized industry-specific commercial banking solutions. Its offering spans personal banking (checking, savings, credit cards, HELOCs, mortgages, HSAs), small business banking (Entrepreneur/Business Community/Have-It-All checking, SBA loans, cash management, MaxSafe), and commercial banking (asset-based lending, capital markets, commercial leasing, SBA lending, treasury management).

Product overview

Macatawa Bank is a community bank serving West Michigan since 1997, now part of Wintrust Financial Corporation's network of community banks (total assets exceeding $70 billion). The company operates on a unified banking platform providing consumer, small business, and commercial banking services. Personal banking includes multiple checking account tiers (Total Access, Access Plus, Premier, Money Smart), savings accounts, credit cards, mortgages (via Wintrust Mortgage), home equity lines, personal loans, and Health Savings Accounts with investment sweep options. Small business services encompass specialized checking accounts (Entrepreneur, Business Community, Have-It-All), MaxSafe FDIC insurance enhancement, SBA loans, and comprehensive cash management tools. The bank also offers wealth management, treasury management, and community-focused loyalty programs including Junior Savers Club, Teen Banking Club, and Platinum Adventures Club for different age segments.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• FDIC coverage increased from $250,000 to $4 million per accountholder through MaxSafe program

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature3 records

Partnerships

One partnership is on record.

• Frederik Meijer Gardens & Sculpture ParkcoreGTM or Marketing Partner · 9 January 2026Macatawa Bank is the presenting sponsor of the CHIHULY at Meijer Gardens exhibition running May 2 through November 1, 2026. This is one of only two Chihuly exhibitions worldwide in 2026. The exhibition spans indoor galleries and outdoor gardens with large-scale works spanning more than 40 years of Dale Chihuly's career.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Old National Bancorp: Multi-state community-oriented bank holding company of comparable size built via community-bank acquisitions. Highly comparable operating model — relationship banking, commercial and consumer lending, wealth management — with a similarly distributed branch network.
• Lake Michigan Credit Union: Michigan-headquartered member-owned credit union competing for the same West Michigan consumer and small-business deposits and loans. Direct comparable on geography, member-centric community positioning, and product breadth.
• Independent Bank Corporation: Michigan-based community bank holding company operating community banks across the Lower Peninsula. Directly comparable in regional focus, multi-segment (consumer/business/commercial) banking, and community-led GTM strategy.
• Mercantile Bank Corporation: Michigan-headquartered community bank holding company with a similar-sized commercial and retail banking franchise. Closest direct comparable to Macatawa in terms of midwestern community-bank model, deposit gathering, and commercial lending focus.
• S&T Bancorp: Pennsylvania-based community bank holding company of similar size with a comparable mix of consumer, small business, and commercial banking plus wealth management. Useful comparable for community-bank economics and operating leverage.
• Stock Yards Bancorp: Kentucky-headquartered community bank with private banking and wealth management alongside commercial lending. Comparable to Macatawa in diversified community-bank mix and emphasis on relationship-led service quality.

Regional players

• Bar Harbor Bankshares: Northern New England community bank holding company with a similar relationship-based retail and commercial banking model. Comparable in size and community-bank focus, though operating in a distinctly different geographic footprint.
• Nicolet Bankshares: Wisconsin and Upper Michigan community bank of similar size with comparable consumer and commercial banking mix. Useful peer for community-bank valuation and growth comparisons though geography does not overlap.

Broad incumbents

• Fifth Third Bank: Super-regional bank with a significant Michigan retail and commercial footprint. Overlaps with Macatawa on consumer checking, mortgage, and commercial lending, but serves a much wider geography and product portfolio.
• Huntington Bancshares: Large regional bank holding company with an extensive Michigan branch network. Competes directly with Macatawa for small business and consumer relationships in West Michigan but operates as a much broader, multi-state institution rather than a community specialist.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/MacBank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Macatawa Bank