Independent Bank Corporation Announces Appointment of New Chief Operating Officer
Rhea-AI Summary
Independent Bank (NASDAQ: IBCP) has appointed Christopher Michaels as its new Chief Operating Officer, effective January 2, 2025. Michaels, who has been with the organization for twelve years, previously served as Chief Information Officer and Senior Vice President since January 2020.
The Michigan-based bank holding company, with total assets of approximately $5.3 billion, operates through Independent Bank across Michigan's Lower Peninsula. The bank, founded in 1864 as First National Bank of Ionia, provides comprehensive financial services including commercial banking, mortgage lending, investments, and insurance.
CEO William B. Kessel highlighted Michaels' proven leadership abilities and successful track record in driving organizational transformation, expressing confidence in his ability to enhance customer service and achieve long-term growth objectives.
Positive
- Appointment of experienced internal candidate with 12 years at the company
- Demonstrates clear succession planning and internal talent development
- New COO has proven track record in organizational transformation
Negative
- None.
News Market Reaction – IBCP
On the day this news was published, IBCP declined 1.32%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
GRAND RAPIDS, Mich., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that Christopher Michaels has been appointed as the organization’s new Chief Operating Officer, effective January 2, 2025.
William B. (Brad) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented: “Chris is a proven leader with a deep understanding of our business with a successful track record for driving transformation within our organization which makes him uniquely suited for this role. I am confident that this appointment will position us to better serve our customers and achieve our long-term growth goals.”
Since January 2020, Mr. Michaels has served as the Chief Information Officer and Senior Vice President of Independent Bank. Mr. Michaels has been with the organization for twelve years.
About Independent Bank Corporation
Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately
For more information, please visit our Web site at: IndependentBank.com.
| Contact: | William B. Kessel, President and CEO, 616.447.3933 Gavin A. Mohr, Chief Financial Officer, 616.447.3929 |
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