Independent Bank Corporation (NASDAQ: IBCP) has announced the appointment of Christopher Michaels as its new Chief Operating Officer, effective January 2, 2025. William B. (Brad) Kessel, the President and CEO of Independent Bank Corporation, expressed confidence in Michaels, citing his successful track record for driving transformation within the organization.
Notably, since January 2020, Mr. Michaels has served as the Chief Information Officer and Senior Vice President of Independent Bank, bringing with him twelve years of experience within the organization.
Independent Bank Corporation, a Michigan-based bank holding company, has total assets of approximately $5.3 billion. Founded in 1864, the company operates a branch network across Michigan's lower peninsula through its state-chartered bank subsidiary, Independent Bank. The subsidiary offers a full range of financial services, including commercial banking, mortgage lending, investments, and insurance.
The press release did not provide specific financial metrics or performance indicators for the recent period, as the focus was on the organizational change. Following these announcements, the company's shares moved -1.3%, and are now trading at a price of $34.37. Check out the company's full 8-K submission here.
