Monday, November 16, 2009

Van Andels trying to buy Macatawa Bank

GRAND RAPIDS, Mich. (WOOD) - A filing published by the Federal Reserve Bank of Chicago indicates Steve and Dave Van Andel are trying to take over Macatawa Bank.
In the November 7, 2009 filing, a "notice by White Bay Capital LLLP" and "Stephen A. Van Andel" plan to acquire 100% "of the voting shares of Macatawa Bank Corporation, Holland" and "thereby indirectly acquire Macatawa Bank. "
Dave Van Andel controls White Bay Capital. The company bought nearly 10% of Macatawa Bank in 2008.

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