Independent Bank Corporation (NASDAQ: IBCP) has announced the appointment of Christopher Michaels as the new Chief Operating Officer effective from January 2, 2025. William B. (Brad) Kessel, the President and CEO of Independent Bank Corporation, expressed confidence in Michaels' ability to drive transformation within the organization and position it to better serve customers and achieve long-term growth goals.
Since January 2020, Michaels has served as the Chief Information Officer and Senior Vice President of Independent Bank. His appointment comes as the company seeks to leverage his proven leadership and deep understanding of the business, built over twelve years with the organization.
Independent Bank Corporation, a Michigan-based bank holding company, currently boasts total assets of approximately $5.3 billion. The company operates a branch network across Michigan's lower peninsula through its state-chartered bank subsidiary, Independent Bank, offering a full range of financial services including commercial banking, mortgage lending, investments, and insurance.
The announcement of Christopher Michaels' appointment as Chief Operating Officer underlines the company's commitment to driving strategic growth and enhancing its operational capabilities. The market has reacted to these announcements by moving the company's shares -1.4% to a price of $34.35. For the full picture, make sure to review Independent Bank's 8-K report.
