Macatawa Bank Corporation Announces Stock Repurchase Program

HOLLAND, Mich., May 17, 2007 (PRIME NEWSWIRE) -- Macatawa Bank Corp. (Nasdaq:MCBC), parent company of Macatawa Bank, today announced a stock repurchase program under which the Corporation may acquire up to $30,000,000 of its outstanding common stock.

Macatawa Bank Corporation Chairman and CEO Benj. A. Smith III said, "The Board considers the Corporation's common stock to be an attractive investment, given the price range in which it has traded recently." Smith characterized the stock repurchase program as "part of Macatawa Bank Corporation's ongoing efforts to enhance shareholder value and invest our resources in the most efficient manner possible."

According to Smith, the repurchases generally will be effected through open market purchases, although he did not rule out the possibility of unsolicited negotiated transactions or other types of repurchases. Share repurchases will be funded from available cash, under existing lines of credit and additional credit arrangements to be negotiated. "The extent of the repurchase program will depend on availability of funds, market conditions, share price, trading volumes and other factors," Smith said, "and the exact number of shares the Corporation will repurchase is not guaranteed." The Board of Directors may modify, suspend, extend or terminate the program at any time.

About Macatawa Bank

Headquartered in Holland, Mich., Macatawa Bank Corp. is the parent company for Macatawa Bank and Macatawa Bank Mortgage. 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 25 full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties. Services include commercial, consumer and real estate financing; business and personal deposit services; ATMs 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 customers excellent service and superior financial products. For more information, visit www.macatawabank.com.

CONTACT:  Macatawa Bank
          Phil Koning, President
            616.820.1429
          Jon Swets, Chief Financial Officer
            616.494.7645

Released May 17, 2007