Item 8.01 Other Events

Macatawa Bank Corporation (the "Company") reported today that it has withdrawn its application to participate in the Treasury's TARP Capital Purchase Program. Since the submission of the Company's application, TARP has evolved and changed significantly. In light of these changes and the Company's demonstrated ability to raise private capital, the Board of Directors and senior management team have determined that it would not be in the best interest of the Company's shareholders to participate in the TARP program.

As recently as in the fourth quarter of 2008 the Company has shown its ability to raise private capital if that becomes necessary or appropriate. Management believes this is a better alternative for the Company and shareholders should the need to raise additional capital arise in the future.

---