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    Independent Bank Corporation (IBCP)

    -NasdaqGS
    12.71 0.11(0.87%) Feb 26, 4:00PM EST
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    Independent Bank Corporation
    230 West Main Street
    PO Box 491
    Ionia, MI 48846
    United States - Map
    Phone: 616-527-5820
    Website: http://www.ibcp.com

    Details 
    Index Membership:N/A
    Sector:Financial
    Industry:Regional - Midwest Banks
    Full Time Employees:N/A

    Business Summary 

    Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses in Michigan. It offers checking and savings accounts, non-interest bearing demand deposits, NOW accounts, and time deposits; and mortgage, commercial, and installment loans, as well as direct and indirect consumer financing; and safe deposit box services. The company also acquires and services payment plans used by consumers to purchase vehicle service contracts. In addition, it provides title insurance services, and investment and insurance services. The company offers its services through approximately 70 branches, 2 drive-thru facilities, and 5 loan production offices. Independent Bank Corporation was founded in 1864 and is based in Ionia, Michigan.

    Key Statistics


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    Corporate Governance 
    Independent Bank Corporation’s ISS Governance QuickScore as of Feb 1, 2015 is 10. The pillar scores are Audit: 2; Board: 10; Shareholder Rights: 10; Compensation: 8.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
     PayExercised
    Mr. Michael M. Magee Jr., 59
    Exec. Chairman and Chairman of Independent Bank
    250.00K0.00
    Mr. William Bradford Kessel CPA, 50
    Chief Exec. Officer, Pres, Director, Chief Exec. Officer of Independent Bank, Pres of Independent Bank and Director of Independent Bank
    486.00K0.00
    Mr. Robert N. Shuster , 57
    Chief Financial Officer, Exec. VP, Sec., Chief Exec. Officer of Mutual Savings Bank, Chief Exec. Officer of Independent Bank MSB, Pres of Mutual Savings Bank and Pres of Independent Bank MSB
    309.00K0.00
    Mr. Mark L. Collins , 57
    Eecutive VP and Gen. Counsel
    303.00K0.00
    Mr. David C. Reglin , 55
    Exec. VP of Retail Banking, Chief Exec. Officer of Independent Bank West Michigan and Pres of Independent Bank West Michigan
    299.00K0.00
    Amounts are as of Dec 31, 2013 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.
    Currency in USD.
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