Macatawa Bank Corp. And Macatawa Bank Announce Leadership Transition; The Board Has Appointed Jon Swets As President And CEO And Bryan Barker As Chief Financial Officer Effective November 1, 2023
Portfolio Pulse from Benzinga Newsdesk
Macatawa Bank Corp. and Macatawa Bank announced a leadership transition with Ronald L. Haan retiring as president and CEO on November 1, 2023. Jon Swets, who has been with the bank since 2002, will take over as president and CEO, while Bryan Barker will become the chief financial officer. Haan will continue to serve on the board until May 2024 and will remain engaged with community relations and customer development.
October 19, 2023 | 8:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Macatawa Bank Corp. announces leadership transition with Jon Swets as new CEO and Bryan Barker as CFO. Ronald L. Haan will retire but continue to serve on the board until May 2024.
Leadership transitions can cause uncertainty, but given that the new appointees have long tenures with the bank, the impact on the stock is likely to be neutral in the short term. However, investors will be watching closely how the new leadership performs.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100