College president joins bank board
A lakeshore-based bank has appointed a higher education leader to its board.
Macatawa Bank Corp. recently announced that Michael Le Roy, president of Calvin College, has been appointed to its board of directors.
Le Roy will begin his term serving on the 11-member board on Jan. 1 and will be subject to re-election to the board by bank shareholders once every three years.
Richard Postma, Macatawa’s board chair, said Le Roy is a well-known and well-respected member of the West Michigan community and is pleased to welcome him to the board.
“His insights on the fast changing world of higher education will assist the board in its strategic response to a similar rapid pace of change in the banking industry,” said Postma. “We are delighted Dr. Le Roy has accepted this appointment while continuing to serve as president of Calvin College.”
Le Roy has served as Calvin’s president since joining the college’s leadership team in 2012 and is a current member of the board of directors of Michigan Independent Colleges and Universities. Since serving as president at Calvin, he has helped lead the college through restructuring to reduce the institution’s long-term debt from nearly $116 million to about $89 million.
He also previously served as the executive vice president of academic affairs and as dean of faculty for Whitworth University, in Washington, and was a department chair and associate professor at Wheaton College, in Illinois.
He has participated in a number of speaking engagements and continuing education seminars, including presentations for the Council of Independent Colleges, the American Council on Education and the Council for Christian Colleges and Universities. Le Roy has discussed topics of governance, transparency, risk, higher education finance and audit.
Macatawa Bank Corp. is headquartered in Holland and has 26 full-service branches throughout Kent, Ottawa and Allegan counties. As of Oct. 22, 2015, the bank reported a net income of $3.2 million in the third quarter 2015, which was up 16 percent from $2.8 million in the third quarter 2014. Macatawa Bank’s more than 415 employees provide a number of financial services, including personal banking, retail lending, commercial lending, treasury management and asset management.