Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock

Rhea-AI Summary

Independent Bank Corporation declares quarterly cash dividend on common stock

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• Independent Bank Corporation declares a quarterly cash dividend of 23 cents per share on its common stock.

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• None.

GRAND RAPIDS, Mich., Oct. 17, 2023 (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 23 cents per share. This dividend is payable on November 13, 2023 to shareholders of record on November 3, 2023.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.1 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 Independent Bank Corporation?

The dividend declared by Independent Bank Corporation is 23 cents per share.

When will the dividend be payable?

The dividend will be payable on November 13, 2023.

Who are the shareholders eligible for the dividend?

Shareholders of record on November 3, 2023, are eligible for the dividend.