Independent Bank (Michigan)
Template:Short description Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.[1]
History
The bank traces its roots to First National Bank of Ionia, which was founded in 1864.
In 1896, relinquished its national charter and obtained a state charter, reorganized as State Savings Bank of Ionia.
in 1952, changed name to First Security Band.
In 1974, Independent Bank Corporation was established as the bank holding company.[2]
In 2003, the company acquired Mepco Insurance Premium Finance.[3] Mepco was sold in 2017.
In March 2007, the bank acquired 10 branches from TCF Financial Corporation.[4]
In December 2008, the bank received a $72 million investment from the United States Department of the Treasury as part of the Troubled Asset Relief Program. The investment was returned in 2013.[5]
In December 2012, the bank sold 21 branches to Chemical (now TCF Financial Corporation).[6][7]
In 2015, the bank closed 6 branches.[8]
In 2018, the bank acquired Traverse City State Bank.[9]
References
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External links
- Business data for Independent Bank Corporation: Template:Hlist