Company Independent Bank Corporation

Equities

IBCP

US4538386099

Banks

Real-time Estimate Cboe BZX 12:14:49 2024-04-26 pm EDT 5-day change 1st Jan Change
25.3 USD +0.52% Intraday chart for Independent Bank Corporation +3.65% -2.96%

Business Summary

Independent Bank Corporation is a bank holding company for Independent Bank (the Bank). The Bank provides a full range of financial services, including commercial banking, mortgage lending, investments, and insurance. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. Its principal markets are the rural and suburban communities across Lower Michigan, which are served by the bank's main office in Grand Rapids, Michigan, and a total of 56 branches, two drive-thru facilities, and five Michigan-based loan production offices. It also has one loan production facility in Ohio (Fairlawn). The bank's branches provide full-service lobby and drive-thru services, as well as automatic teller machines (ATMs). In addition, it also provides Internet and mobile banking capabilities to its customers.

Number of employees: 787

Sales per Business

USD in Million2022Weight2023Weight Delta
Commercial Banking
100.0 %
211 100.0 % 207 100.0 % -2.11%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
211 100.0 % 207 100.0 % -2.11%

Managers

Managers TitleAgeSince
Chief Executive Officer 59 93-12-31
Director of Finance/CFO - 20-09-13
Chief Tech/Sci/R&D Officer - -
Compliance Officer - -
Chief Operating Officer 60 17-10-31
Director/Board Member 67 86-12-31
Corporate Officer/Principal 63 80-12-31
Comptroller/Controller/Auditor - -
Sales & Marketing - -
Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Chairman 66 04-03-31
Director/Board Member 67 86-12-31
Chief Executive Officer 59 93-12-31
Director/Board Member 53 19-10-21
Director/Board Member 54 20-10-19
Director/Board Member 62 15-07-26
Director/Board Member 42 16-12-15
Director/Board Member 68 12-10-22
Director/Board Member 62 17-06-27
Director/Board Member 64 18-04-23

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 20,903,677 19,948,276 ( 95.43 %) 0 95.43 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
13.19 %
2,757,963 13.19 % 70 M $
FJ Capital Management LLC
6.164 %
1,288,658 6.164 % 33 M $
Vanguard Fiduciary Trust Co.
5.107 %
1,067,691 5.107 % 27 M $
Dimensional Fund Advisors LP
4.677 %
977,832 4.677 % 25 M $
Fidelity Management & Research Co. LLC
3.753 %
784,481 3.753 % 20 M $
599,800 2.869 % 15 M $
Renaissance Technologies LLC
2.782 %
581,500 2.782 % 15 M $
LSV Asset Management
2.568 %
536,870 2.568 % 14 M $
Geode Capital Management LLC
2.203 %
460,494 2.203 % 12 M $
JPMorgan Investment Management, Inc.
2.201 %
460,195 2.201 % 12 M $

Company contact information

Independent Bank Corp. (Michigan)

4200 East Beltline

49525, Grand Rapids

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http://www.independentbank.com
address Independent Bank Corporation(IBCP)
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