Colonel William A. Phillips

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Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.[2]

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.[3]

In 2003, the company acquired Mepco Insurance Premium Finance.[4] Mepco was sold in 2017.

In March 2007, the bank acquired 10 branches from TCF Financial Corporation.[5]

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.[6]

In December 2012, the bank sold 21 branches to Chemical (now TCF Financial Corporation).[7][8]

In 2015, the bank closed 6 branches.[9]

In 2018, the bank acquired Traverse City State Bank.[10]


References

External links

Official website