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Independent Bank Corporation (IBCP)On Nov 30: 0.68   0.00 (0.00%)  
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Independent Bank Corporation
230 West Main Street
PO Box 491
Ionia, MI 48846
United States - Map
Phone: 616-527-9450
Fax: 616-527-4004
Web Site: http://www.ibcp.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Midwest Banks
Full Time Employees:1,030

BUSINESS SUMMARY 
Independent Bank Corporation operates as the holding company for Independent Bank, which provides commercial banking products and services to rural and suburban communities in Michigan. The company offers various deposit products, including non-interest bearing demand deposits, time deposits, checking and savings accounts, and NOW accounts. It also provides commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as payment plans to consumers to purchase extended automobile warranties. In addition, the company offers title insurance, and investment and insurance services. As of April 23, 2009, it operated approximately 100 offices. The company was founded in 1864 and is based in Ionia, Michigan.
Key Statistics

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    CORPORATE GOVERNANCE 
    Independent Bank Corporation's Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 50.9% of S&P 600 companies and 86% of Banks companies.
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    KEY EXECUTIVES 
     PayExercised
    Mr. Michael M. Magee Jr., 52
    Chief Exec. Officer, Pres and Exec. Director
    $ 382.00K $ 0
    Mr. Robert N. Shuster , 51
    Chief Financial Officer, Exec. VP, Sec., Member of Admin. Committee, Chief Exec. Officer of Independent Bank MSB, Chief Exec. Officer of Mutual Savings Bank, Pres of Independent Bank MSB and Pres of Mutual Savings Bank
    $ 230.00K $ 0
    Mr. William B. Kessel , 44
    Chief Operating Officer, Exec. VP of Independent Bank
    $ 226.00K $ 0
    Mr. David C. Reglin , 49
    Exec. VP of Retail Banking, Chief Exec. Officer of Independent Bank West Michigan and Pres of Independent Bank West Michigan
    $ 226.00K $ 0
    Ms. Stefanie M. Kimball , 49
    Chief Lending Officer, Exec. VP and Exec. VP of Commercial Lending
    $ 226.00K $ 0
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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