Macatawa Bank Corp. has hired an executive from Fifth Third Bancorp to become its chief credit officer.
Craig Hankinson has oversight of the $1.61 billion-asset company's credit administration and credit approval process, loan policies and procedures, and oversees credit quality in the $1.28 billion loan book. He joined Macatawa, of Holland, Mich., from Fifth Third, where was senior credit officer for the Cincinnati company's business banking group. The news was announced Monday.
Macatawa had been searching for a new chief credit officer since Lee Pankratz resigned in May, a spokesman said. He said that Hankinson joined Macatawa in September but it had to wait until it received regulatory approval last week before making an announcement.