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GRAND RAPIDS — The pending acquisition of TCSB Bancorp Inc. gives Independent Bank Corp. a position in an attractive banking market in Northwestern Michigan.

Published in Finance

State and federal regulators have approved the proposed $61.8 million merger of TCSB Bancorp Inc. in Traverse City into Independent Bank Corp.

Published in In the News

Independent Bank Corp. today reported lower quarterly net income of $1.7 million, or 8 cents per diluted share, to end 2017’s fourth quarter, resulting from a reevaluation of a deferred tax asset following federal tax reform late last year.

Published in In the News

As the end of 2017 approached, Grand Rapids-based Independent Bank Corp. cut a deal to buy TCSB Bancorp Inc. in Traverse City, the parent company of Traverse City State Bank. The $63.2 million deal, which is expected to close in the first half of 2018 pending approval from regulators and TCSB Bancorp shareholders, would extend Independent Bank’s presence in northwestern Michigan, where Traverse City State Bank has five offices and assets of $346.9 million. Independent Bank, which opened lending offices in Traverse City and other markets this year, has 65 branches across the Lower Peninsula with total assets of $2.75 billion as of Sept. 30.

Published in Crystal Ball

Many of the forces that affected banks in 2017 — from rising interest rates and a good economy, to balancing digital technology investments with cybersecurity — remain the top issues bankers must manage in the year ahead.

Published in Crystal Ball
Sunday, 10 December 2017 21:56

MiBiz Growth Report: December 11, 2017

Here is the MiBiz Growth Report for Dec. 11, 2017.

Published in In the News

More bank branches closed in Michigan than in 45 other states in the years following the most recent financial crisis.

Published in Finance
Thursday, 26 January 2017 13:49

Independent Bank reports growth for 2016

Independent Bank Corp. today reported higher earnings for the fourth quarter and all of 2016.

Published in In the News

Maintaining cash flow enables you to keep the “lifeblood” pumping through your business during every cycle and season. Creating a solid cash flow strategy means looking holistically at your business to see where you can improve income and make sound expenditures. For some companies, cash flow consistently outranks profit in demonstrating the company’s fiscal health. During a period of significant growth in your business, as you focus on the future,  maintaining your current cash flow has to stay on your radar as well.

Published in Sponsored content

Here is a round-up of quarterly and annual performance filings from banks in West Michigan.

Published in Finance
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