- people on the move
Bank appoints SVP
A bank in the region has chosen its next senior vice president and chief wealth management officer.
Holland-based Macatawa Bank promoted Erich VanRavenswaay, formerly vice president and asset management team leader, to the role, according to the bank yesterday.
VanRavenswaay will be responsible for leading the bank’s wealth management practice, which offers personal trust, private banking, retirement plan services, asset management, investment services and traditional banking services.
Ronald Haan, president and CEO of Macatawa Bank, said VanRavenswaay has "consistently demonstrated leadership and vision for our wealth management practice."
“His industry knowledge and collaborative management style will be instrumental in accomplishing Macatawa Bank’s strategic goals.”
VanRavenswaay said he’s “very excited for the new role.”
He joined Macatawa Bank’s wealth management team in 2018 as the portfolio manager and team leader of the asset management group.
Previously, VanRavenswaay worked with US Bank’s securities services and global corporate trust divisions, as well as Bank of America and LaSalle Bank.
He serves on the board of directors for the Lakeshore Habitat for Humanity.
He holds a B.A. from Hope College and an M.B.A. from the Kellstadt Graduate School of Business at DePaul University.
Founded in 1997, Macatawa Bank offers banking, retail and commercial lending, wealth management and ecommerce services to individuals, businesses and governmental entities.
The bank has 400 employees at 26 branches located throughout communities in Kent, Ottawa and northern Allegan counties.
Macatawa reported total assets of about $1.97 billion in 2018.