Benj Gallander Macatawa Bank Corp. MCBC-Q COMMENT Oct 27, 2015

(A Top Pick Nov 11/13. Up 3.31%.) He can see it possibly doubling from here. Have just re-established a dividend this year. Once a company re-establishes a dividend, usually it does much better than the market for the next 2-3 years. Have some of the best capitalization ratios in their history. Thinks the dividend is going to be boosted up in the next 2-3 years. If this happens, the stock price should go up. He thinks this could double.

(Top Pick Nov 11/13, Up 9.26%) Thinks it can double from here. Amongst the best capitalization ratios in their history.

Regional bank. Thinks the dividend will continue to go up. The capitalization ratios are amongst the best they’ve ever had. He can see this as a $10 stock. Yield of 1.48%.

(A Top Pick July 9/14. Up 13.8%.) A regional bank in Michigan and Michigan was on the definite outs, but is coming back somewhat. At the time he bought it, they didn’t pay a dividend but it does now. Good financial ratios. Insiders own a nice piece. He thinks this will keep on going up and can see it doubling from here.

Still likes this bank. He bought it in 2012, and was part of his hypothesis on US banks i.e. if you choose the right ones, especially if their dividends were cut or eliminated, later on they would come back and would increase in price. Last year they re-established the dividend to $.02, and have since raised it to $.03 a quarter. Thinks it could double from here.

(A Top Pick Dec 23/14. Up 12.29%.) A regional bank out of Holland Michigan. He thinks it can double from here. They stopped paying a dividend in 2008 and started paying $.02 a quarter in 2014. They are now paying $.03 a quarter and he thinks it can go up from here.

Likes this bank, and thinks it can double from here. Started to pay a dividend and to increase it. Good capitalization ratios. There is a good chance of them increasing the dividend again. Has a long way to go upwards.

This bank is based in Holland Michigan. One of the beautiful things is that nonperforming loans have gone a way down, and are less than $1 million now. Thinks it still has quite a bit of upside. The share count on this bank has gone up about 3 times. Likes the dividend.

As a dividend payer he likes it.