Independent Bank Corporation Expresses Deepest Sympathy on the Passing of Past Chairman of the Board of Directors Michael M. Magee, Jr.

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Independent Bank Corporation (NASDAQ: IBCP) announced the passing of Michael M. Magee, Jr., a former Chairman of the Board of Directors and long-serving executive, on August 3, 2025. Magee served the company for 38 years in various leadership roles, including as CEO from 2005-2013 and Chairman from 2013-2024.

Independent Bank Corporation, with $5.4 billion in total assets, operates nearly 60 locations across Michigan's Lower Peninsula, offering commercial banking, mortgage lending, investments, and title services through its subsidiary Independent Bank.

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GRAND RAPIDS, Mich., Aug. 15, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, announced with great sadness that Michael M. Magee, Jr., current Board member and past Chairman (2013-2024) of the Board of Directors for Independent Bank Corporation and Independent Bank, passed away on August 3, 2025.

“The entire Independent Bank community is deeply saddened by Mike’s passing,” said Independent Bank President and CEO, Brad Kessel. “Mike served Independent Bank for 38 years with his strong leadership, resilience, wisdom, passion, thoughtfulness, genuine friendship, and great humor. He will be deeply missed.”

Mike was the Chairman of the Board of Directors of Independent Bank Corporation and Independent Bank from 2013 to 2024. Prior to 2013, he was the Chief Executive Officer of the Company since 2005. He also served as the Executive Vice President and Chief Operating Officer in 2004, and prior to that served as President and CEO of Independent Bank (IBC affiliate) beginning in 1993.

With total assets of approximately $5.4 billion, Independent Bank Corporation operates nearly 60 locations across Michigan’s Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments, and title services. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

For more information, please visit our website at: IndependentBank.com. Member FDIC. Equal Housing Lender.

Contact: Lane Solomon
Independent Bank
616.447.3942
LSolomon@ibcp.com

FAQ

Who was Michael M. Magee, Jr. at Independent Bank Corporation (NASDAQ: IBCP)?

Michael M. Magee, Jr. was a long-serving executive who spent 38 years at Independent Bank Corporation, serving as CEO from 2005-2013 and Chairman of the Board from 2013-2024.

What positions did Michael Magee hold at Independent Bank Corporation (IBCP)?

Michael Magee held several key positions including CEO (2005-2013), Chairman of the Board (2013-2024), Executive VP and COO (2004), and President and CEO of Independent Bank affiliate (starting 1993).

How large is Independent Bank Corporation (IBCP) in terms of assets and presence?

Independent Bank Corporation has $5.4 billion in total assets and operates nearly 60 locations across Michigan's Lower Peninsula.

What services does Independent Bank (IBCP) provide?

Independent Bank provides a full range of financial services, including commercial banking, mortgage lending, investments, and title services.