Independent Bank Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- William Bradford Kessel
- Full Time Employees
- 826
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 4200 East Beltline Grand Rapids MI United States of America 49525
- IPO Date
- Sep 4, 1985
- CIK
- 0000039311
- Website
- independentbank.com
- Similar Companies
- Business
- Independent Bank Corporation Independent Bank Corporation (NASDAQ:IBCP) operates as the bank holding company for Independent Bank, a Michigan-based community bank that provides a full range of commercial and consumer banking services; deposit products including demand deposits, interest checking, money market accounts, savings accounts, time certificates of deposit, and free checking accounts; consumer loans comprising residential mortgages, home equity loans and lines secured by one-to-four family residential properties, and other consumer loans; commercial loans; mortgage lending; investment and financial services such as cash management, investment management, trust services, estate settlement, financial planning, tax services, mutual fund shares, unit investment trust shares, third-party model portfolios, general securities, fixed and variable annuities, and life insurance products; debit and credit cards; safe deposit boxes; automatic teller machines; and internet and mobile banking. Founded in 1864 and headquartered in Grand Rapids, Michigan, the company primarily serves individuals, businesses, and communities across Michigan's Lower Peninsula through approximately 59 branches, two drive-thru facilities, and seven loan production offices, with additional loan production offices in Ohio. In recent developments, Independent Bank Corporation completed the acquisition of Enterprise Bank in July 2025, adding $1.2 billion in loans and $950 million in deposits, with core system conversion ongoing and full cost synergies expected by the first quarter of 2026; authorized a 2025 share repurchase plan for up to 1.1 million shares, or approximately 5% of its common stock, announced in December 2024; and reported third quarter 2024 highlights including net interest income growth, tangible book value increases, core deposit growth of $100.1 million (8.9% annualized), and loan growth of $90.4 million (9.3% annualized) from June 30, 2024.
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