Published on 6/10/2009 in the Prospect News PIPE Daily.
New Issue: Macatawa Bank concludes $1 million private placement of common shares
By Devika Patel
Knoxville, Tenn., June 10 - Macatawa Bank Corp. settled a $1 million private placement of stock on June 5, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 312,500 common shares at $3.20 per share.
Macatawa is a Holland, Mich.-based financial holding company.
| Issuer: | Macatawa Bank Corp.
|
| Issue: | Common shares
|
| Amount: | $1 million
|
| Shares: | 312,500
|
| Price: | $3.20
|
| Warrants: | No
|
| Settlement date: | June 5
|
| Stock symbol: | Nasdaq: MCBC
|
| Stock price: | $3.30 at close June 5
|
| Market capitalization: | $59.6 million
|
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