Bank expands downtown presence
The former Peninsular Club building in downtown Grand Rapids has a new business in the lobby.
Macatawa Bank of Holland, which had a branch office at 126 Ottawa Ave. NW, this month opened its new downtown branch next door, at 116 Ottawa Ave. NW.
The new space is 4,031 square feet and employs eight people.
The branch manager is Dave Shaffer, a Grand Rapids city commissioner.
RDV Corp., which manages investments of the Rich DeVos family, owns both buildings.
A private ribbon-cutting ceremony attended by bank and city officials took place Wednesday to celebrate the new Macatawa Bank quarters.
“We are very excited to be able to expand our downtown Grand Rapids presence,” said Ron Haan, Macatawa Bank President and CEO. “Macatawa Bank is committed to the future of Grand Rapids, and we appreciate the opportunity to expand into this space, which holds a rich heritage in downtown Grand Rapids.”
The Peninsular Club was a private dining club that served the city’s business elites in downtown Grand Rapids, starting in 1881.
In 2008, it was forced to sell its property, at 116 Ottawa Ave. NW, due to declining membership.