IBCP - Independent Bank Corporation

NasdaqGS - NasdaqGS Delayed Price. Currency in USD

Independent Bank Corporation

4200 East Beltline
Grand Rapids, MI 49525
United States
616-527-5820
http://www.IndependentBank.com

SectorFinancial
IndustryRegional - Midwest Banks
Full Time Employees737

Key Executives

NameTitlePayExercisedAge
Mr. Michael M. Magee Jr.Exec. Chairman and Chairman of Independent BankN/AN/A61
Mr. William Bradford Kessel CPACEO, Pres & Director710.18kN/A52
Mr. Robert N. Shuster CPACFO, EVP & Sec.385.28kN/A59
Mr. Mark L. CollinsExec. VP and Gen. Counsel358.63kN/A59
Mr. David C. ReglinExec. VP of Retail Banking362.06kN/A57
Amounts are as of December 31, 2016 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.

Description

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses in Michigan. The company also offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. It also provides title insurance, and investment and insurance services; and acquires and services payment plans used by consumers to purchase vehicle service contracts provided and administered by third parties. The company offers its services through approximately 62 branches, 1 drive-thru facility, and 12 loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

Corporate Governance

Independent Bank Corporation’s ISS Governance QualityScore as of September 1, 2017 is 8. The pillar scores are Audit: 2; Board: 8; Shareholder Rights: 10; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.