Independent Bank Corporation Appoints Dennis W. Archer Jr. To Its Board of Directors

Rhea-AI Summary

Independent Bank Corporation (NASDAQ: IBCP) has appointed Dennis W. Archer Jr. to its Board of Directors. Archer, CEO of Ignition Media Group and a seasoned entrepreneur, brings diverse expertise in marketing and business development. He has a strong connection to Detroit, Michigan's largest market, enhanced by his previous board experience in community banking. President and CEO William B. Kessel expressed enthusiasm for Archer's appointment, anticipating beneficial contributions to the organization and its commitment to exceptional service.

Positive

• Dennis Archer Jr. brings extensive marketing and entrepreneurial experience.
• His strong ties to the Detroit area can bolster business development.
• Previous experience on a community bank board may add value.

Negative

• None.

GRAND RAPIDS, Mich., Oct. 23, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors has appointed Dennis W. Archer Jr. to the boards of the Corporation and the Bank. Mr. Archer is the CEO of Ignition Media Group, a leading integrated marketing agency, and President and founding partner of Archer Corporate Services, one of the nation’s leading marketing fulfillment service firms. Mr. Archer’s hospitality holding company, Congress Hospitality, is creator and managing partner of Central Kitchen + Bar, one of Detroit’s top restaurants.

In addition to the aforementioned entrepreneurial endeavors, Mr. Archer is also a real estate developer who is dedicated to giving back to Detroit and the surrounding areas. He has participated in several high-profile projects. His civic and philanthropic involvement includes Chair Emeritus of the Detroit Regional Chamber of Commerce Board of Directors where he sits on the executive committee. Mr. Archer also sits on the boards of the Jalen Rose Leadership Academy, Dennis W. Archer Foundation and Citizen Detroit. Corporately, Mr. Archer serves on the General Motors Supplier Council.

William B. (“Brad”) Kessel, the President and CEO of Independent Bank Corporation, commented: “We are very excited to add Dennis Archer Jr. to the Boards of Directors of both our parent company and the Bank. He is a talented executive with a wide range of business and entrepreneurial experience as well as having previously served on a community bank board. He also has a deep understanding of and commitment to the Detroit area, Michigan’s largest market. He is an important addition to our organization.”

Dennis Archer Jr. commented: “I am honored with the opportunity to join the Boards of Directors of Independent Bank Corporation and Independent Bank. I believe that my experience in marketing and developing new businesses as well as my educational background will be beneficial to the organization. I look forward to working with such a talented Board and management team.”

Mr. Archer received both his undergraduate and law degrees from the University of Michigan.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $4.2 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. 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

Who is Dennis Archer Jr. in relation to Independent Bank Corporation?

Dennis Archer Jr. is the newly appointed member of the Board of Directors for Independent Bank Corporation.

What is Dennis Archer Jr.'s professional background?

Archer is the CEO of Ignition Media Group and has significant experience in marketing, business development, and real estate.

Why was Dennis Archer Jr. appointed to the Board?

His diverse expertise in business and deep understanding of the Detroit area are expected to benefit the bank.

How might Archer's appointment impact IBCP shareholders?

Archer's experience and connections could potentially enhance business opportunities, positively impacting shareholder value.