Independent Bank Corporation (IBCP)

25.17 +0.05 (+0.20%) At close: 04:00PM EDT

Independent Bank Corporation

4200 East Beltline
Grand Rapids, MI 49525
United States
616 527 5820
https://www.independentbank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 741

Key executives

Name	Title	Pay	Exercised	Year born
Mr. William Bradford Kessel CPA	President, CEO & Director	804.01k	N/A	1964
Mr. Gavin A. Mohr	CFO, Executive VP, Treasurer & Corporate Secretary	418.13k	N/A	1984
Mr. Larry Russ Daniel Jr.	Executive Vice President of Operations & Retail Banking	398.28k	N/A	1964
Ms. Stefanie M. Kimball	Executive VP & Chief Risk Officer	427.77k	N/A	1960
Mr. Patrick J. Ervin	Executive Vice President of Mortgage Banking	420.37k	N/A	1966
Mr. James J. Twarozynski	Senior VP, Chief Accounting Officer & Controller	N/A	N/A	1965
Ms. Laurinda M. Neve	Senior Vice President of Human Resources	N/A	N/A	1952
Mr. Joel F. Rahn	Executive VP of Commercial Lending & Chief Lending Officer	474.29k	N/A	1966
Ms. Darcy J. Benjamin	Accounting Officer	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes 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 commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and 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 1 April 2024 is 2. The pillar scores are Audit: 2; Board: 2; Shareholder rights: 5; Compensation: 2.

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 10 indicates higher governance risk.