Macatawa Bank Corp. reached a preliminary settlement today in a lawsuit brought by investors in the now-defunct Trade Partners, Inc. of Grand Rapids. Under the preliminary settlement Macatawa will pay the plaintiffs $2.75 million in cash, will issue common stock valued at $3 million and will issue three warrants for each share of common stock issued in the proposed settlement. The preliminary settlement also calls for Macatawa to provide plaintiffs with money collected from other defendants up to $250,000. If the bank collects less than $250,000 from other defendants, it is to make up the difference by issuing of additional common stock. Macatawa’s insurers will contribute $950,000 to the cash portion of the settlement.