UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2008 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Macatawa Bank Corporation Address: 10753 Macatawa Drive Holland, MI 49424 Form 13F File Number: 28-13033 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of the Reporting Manager: Name: Nadine Terpstra Title: Vice President-Trust Operations Manager Phone: 616-820-1444 Signature, Place, and Date of Signing: /s/ Nadine Terpstra Holland, MI 9/15/2008 [Signature] [City, State] [Date] Nadine Terpstra Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 86 Form 13F Information Table Value Total: $143,651 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File # Name 01 28-13155 Macatawa Bank FORM 13F INFORMATION TABLE Voting Authority ---------------- Title of Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None - ----------------------------- --------- ----- -------- ------- --- --- ------- -------- ---- ------ ---- AMERICAN CAPITAL STRATEGIES LTD COM COM 024937104 577 16900 SH DEFINED 01 16900 APPLE COMPUTER INC COM COM 037833100 709 4942 SH DEFINED 01 2435 2507 AUTODESK INC COM COM 052769106 1184 37606 SH DEFINED 01 20585 17021 BB&T CORP COM 054937107 261 8150 SH DEFINED 01 8150 BP AMOCO PLC SPONSORED ADR FOR 055622104 642 10592 SH DEFINED 01 10544 48 BANK OF AMERICA CORP NEW COM COM 060505104 2171 57243 SH DEFINED 01 42425 14818 BANK OF FLORIDA CORP COM COM 062128103 181 18000 SH DEFINED 01 18000 BERKSHIRE HATHAWAY INC CL B COM 084670207 367 82 SH DEFINED 01 82 BRISTOL MYERS SQUIBB CO COM 110122108 290 13634 SH DEFINED 01 13634 CASCADE BANCORP INC COM COM 147154108 147 15400 SH DEFINED 01 15400 CITIGROUP INC COM 172967101 288 13434 SH DEFINED 01 13264 170 COACH INC COM COM 189754104 1036 34347 SH DEFINED 01 20562 13785 COBIZ INC COM COM 190897108 260 20000 SH DEFINED 01 20000 COGNIZANT TECH SOLUTIONS CORP CL A COM 192446102 1821 63145 SH DEFINED 01 35220 27925 COOPERATIVE BANKSHARES INC COM COM 216844100 218 20000 SH DEFINED 01 20000 CRESCENT FINANCIAL CORP COM COM 225744101 318 38250 SH DEFINED 01 38250 DANAHER CORP DEL COM COM 235851102 1906 25070 SH DEFINED 01 15650 9420 DEUTSCHE TELEKOM AG SPONSORED ADR FOR 251566105 238 14350 SH DEFINED 01 14350 ENERGY CONVERSN DEVICE COM COM 292659109 218 7280 SH DEFINED 01 7280 ENTERPRISE FINANCIAL SERVICES COM COM 293712105 425 17000 SH DEFINED 01 17000 FEDERATED KAUFMANN FUND CLASS EFT 314172644 68 12641 SH DEFINED 01 12641 FIFTH THIRD BANCORP COM 316773100 259 12396 SH DEFINED 01 12396 FISERV INC COM 337738108 3396 70606 SH DEFINED 01 46144 24462 GATEWAY FINANCIAL HOLDING INC COM COM 368140109 392 37000 SH DEFINED 01 37000 GENERAL ELECTRIC CO COM 369604103 3846 103913 SH DEFINED 01 75743 28170 GENTEX CORP COM 371901109 338 19729 SH DEFINED 01 18229 1500 HUNTINGTON BANCSHARES INC COM 446150104 2286 212615 SH DEFINED 01 212371 244 JOHNSON & JOHNSON COM 478160104 3259 50233 SH DEFINED 01 33083 17150 KIMBERLY CLARK COM 494368103 265 4100 SH DEFINED 01 4100 LAKELAND FINL CORP COM COM 511656100 464 20500 SH DEFINED 01 20500 LLOYDS TSB GROUP PLC SPONSORED ADR COM 539439109 246 6850 SH DEFINED 01 6850 LOWES COS INC COM 548661107 1914 83424 SH DEFINED 01 54084 29340 MACATAWA BANK CORP COM 554225102 18715 1797812 SH DEFINED 01 947026 850786 METAVANTE HOLDING CO COM COM 591407101 273 13666 SH DEFINED 01 13666 MORNINGSTAR INC COM 617700109 2454 40004 SH DEFINED 01 29934 10070 NATIONAL CITY CORP COM 635405103 225 22661 SH DEFINED 01 22661 PEPSICO INC COM 713448108 2237 30985 SH DEFINED 01 20035 10950 PFIZER INC COM 717081103 13690 654100 SH DEFINED 01 654100 PREMIERWEST BANCORP COM COM 740921101 271 27000 SH DEFINED 01 27000 PROCTER & GAMBLE CO COM 742718109 2328 33214 SH DEFINED 01 21304 11910 PRIVATE BANCORP INC COM COM 742962103 400 12700 SH DEFINED 01 12700 PULASKI FINANCIAL CORP COM COM 745548107 316 29000 SH DEFINED 01 29000 REYNOLDS AMERICAN INC COM COM 761713106 334 5660 SH DEFINED 01 5660 RIVERVIEW BANCORP INC COM COM 769397100 176 17600 SH DEFINED 01 17600 SEI INVESTMENTS CO COM COM 784117103 1958 79305 SH DEFINED 01 52830 26475 SCHLUMBERGER LTD COM COM 806857108 2906 33408 SH DEFINED 01 20783 12625 STATE STREET CORP COM 857477103 340 4300 SH DEFINED 01 4300 STERICYCLE INC COM COM 858912108 2606 50594 SH DEFINED 01 32289 18305 STRYKER CORP COM 863667101 10115 155494 SH DEFINED 01 140739 14755 TEVA PHARMACEUTICAL INDS LTD ADR FOR 881624209 3475 75245 SH DEFINED 01 46680 28565 TEXTRON INC COM 883203101 562 10155 SH DEFINED 01 4820 5335 TOWER FINANCIAL CORP COM 891769101 1054 96140 SH DEFINED 01 65049 31091 UST INC COMMON STOCK COM 902911106 255 4679 SH DEFINED 01 4679 US BANCORP DEL COM NEW COM 902973304 451 13935 SH DEFINED 01 13750 185 UNITED TECHNOLOGIES CORP COM 913017109 637 9248 SH DEFINED 01 5213 4035 VANGUARD INDEX FDS MID CAP VIP ETF 922908629 2319 34196 SH DEFINED 01 23167 11029 WALGREEN CO COM 931422109 2585 67849 SH DEFINED 01 40744 27105 WELLS FARGO & CO COM 949746101 2833 97383 SH DEFINED 01 64682 32701 AT & T INC COM COM 00206R102 2422 63248 SH DEFINED 01 44348 18900 ADOBE SYS INC COM COM 00724F101 1617 45419 SH DEFINED 01 25540 19879 ALLSCRIPTS HEALTHCARE SOLUTIONS COM 01988P108 929 90055 SH DEFINED 01 49525 40530 ALTRIA GROUP INC COM COM 02209S103 218 9818 SH DEFINED 01 9818 BANNER CORPORATION COM COM 06652V109 230 10000 SH DEFINED 01 10000 BLACKROCK INC COMMON STOCK COM 09247X101 327 1600 SH DEFINED 01 1600 CME GROUP INC COM COM 12572Q105 352 750 SH DEFINED 01 750 CISCO SYSTEMS INC COM 17275R102 3700 153583 SH DEFINED 01 90957 62626 CITIZENS COMMUNICATIONS CO INC COM 17453B101 128 12200 SH DEFINED 01 12200 DEARBORN BANCORP INC CAP COM 24242R108 238 31311 SH DEFINED 01 31311 ENI SPA ADR FOR 26874R108 290 4252 SH DEFINED 01 4252 EXXON MOBIL CORP COM COM 30231G102 4758 56265 SH DEFINED 01 41520 14745 FIRSTBANK CORP COM 33761G104 195 14586 SH DEFINED 01 14586 GOOGLE INC COM COM 38259P508 1319 2996 SH DEFINED 01 1495 1501 HEARTLAND PAYMENT SYSTEM INC COM COM 42235N108 345 15000 SH DEFINED 01 15000 INTERCONTINENTALEXCHANGE INC COM 45865V100 378 2900 SH DEFINED 01 2900 INTUITIVE SURGICAL INC COM COM 46120E602 1599 4929 SH DEFINED 01 2009 2920 MB FINANCIAL INC NEW COM COM 55264U108 471 15300 SH DEFINED 01 15300 MONSANTO CO NEW COM COM 61166W101 13585 121840 SH DEFINED 01 121840 PINNACLE FINANCIAL PARTNERS INC COM 72346Q104 545 21300 SH DEFINED 01 21300 POWERSHARES ETF TRUST WNDRHLL COM 73935X500 1718 87638 SH DEFINED 01 45603 42035 POWERSHARES ETF TRUST DYN BIOT COM 73935X856 1394 83107 SH DEFINED 01 44737 38370 T ROWE PRICE GROUP INC COM COM 74144T108 243 4850 SH DEFINED 01 3960 890 VERIZON COMMUNICATIONS INC COM 92343V104 353 9694 SH DEFINED 01 9494 200 WASTE MANAGEMENT INC COM 94106L109 536 15970 SH DEFINED 01 15970 WINDSTREAM CORPORATION COM COM 97381W104 226 18888 SH DEFINED 01 18888 WINTRUST FINANCIAL CORP COM COM 97650W108 284 8122 SH DEFINED 01 8122 XTO ENERGY INC COM 98385X106 1747 28236 SH DEFINED 01 16958 11278 REPORT SUMMARY 86 DATA RECORDS 143,651 1 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED