Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

Rhea-AI Summary

Independent Bank Corporation (NASDAQ: IBCP) declared a quarterly cash dividend of 20 cents per share, payable on August 14, 2020, to shareholders of record on August 4, 2020. With total assets of approximately $4.0 billion, this Michigan-based community bank offers a full range of financial services, including commercial banking, mortgage lending, and insurance services. The institution has a rich history dating back to its founding in 1864 as First National Bank of Ionia, showcasing a commitment to providing exceptional service and value to its customers.

Positive

• Declaring a cash dividend of 20 cents per share reflects financial stability and confidence.
• Total assets of approximately $4.0 billion indicate a solid financial foundation.

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• None.

GRAND RAPIDS, Mich., July 21, 2020 (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 20 cents per share.  This dividend is payable on August 14, 2020 to shareholders of record on August 4, 2020.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $4.0 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.

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15%; width:15%; min-width:15%;">Contact:	85%; width:85%; min-width:85%;">William B. Kessel, President and CEO, 616.447.3933
	Robert N. Shuster, Chief Financial Officer, 616.522.1765

FAQ

What is the dividend amount declared by Independent Bank Corporation?

The dividend amount declared is 20 cents per share.

When will the dividend be paid to shareholders?

The dividend will be paid on August 14, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is August 4, 2020.

How does Independent Bank Corporation's asset size compare in the banking sector?

Independent Bank Corporation has total assets of approximately $4.0 billion, positioning it as a robust player in the community banking sector.