Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock

Rhea-AI Summary

Independent Bank Corporation (NASDAQ: IBCP), based in Michigan, has declared a quarterly cash dividend of 21 cents per share. This dividend will be payable on November 15, 2021 to shareholders of record by November 5, 2021. With total assets of approximately $4.5 billion, Independent Bank operates through a network across Michigan's Lower Peninsula, offering a full range of financial services including commercial banking and mortgage lending.

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• Quarterly cash dividend of 21 cents per share declared, demonstrating commitment to returning value to shareholders.
• Strong financial position with total assets of approximately $4.5 billion.

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• None.

GRAND RAPIDS, Mich., Oct. 19, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 21 cents per share. This dividend is payable on November 15, 2021 to shareholders of record on November 5, 2021.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $4.5 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and insurance services. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

For more information, please visit our Web site at: IndependentBank.com.

Contact:	William B. Kessel, President and CEO, 616.447.3933
	Gavin A. Mohr, Chief Financial Officer, 616.447.3929

FAQ

What is the dividend amount declared by IBCP and when is it payable?

Independent Bank Corporation declared a dividend of 21 cents per share, payable on November 15, 2021.

When is the record date for the IBCP dividend?

The record date for the dividend is November 5, 2021.

How often does IBCP pay dividends?

Independent Bank Corporation typically declares dividends on a quarterly basis.

What is the total asset size of Independent Bank Corporation?

Independent Bank Corporation has total assets of approximately $4.5 billion.