ISABELLA BANK CORP (ISBA) director Brian Roy Sackett received a grant or award of 24 shares of common stock on September 1, 2026. The shares were acquired at a price of $38.55 per share and are held as direct ownership, bringing his reported holdings to 4,226.4275 shares.
ISABELLA BANK CORP (ISBA) reported that President & CEO and director Jerome E. Schwind received a grant or award acquisition of 123 shares of common stock on September 1, 2026 at a reported value of $38.55 per share. Following this award, his directly held common stock position increased to 37,777.9343 shares. No Rule 10b5-1 trading plan is reported for this transaction.
ISABELLA BANK CORP (ISBA) reported that director Brian B. Tessin received a grant or award of 8 shares of common stock on September 1, 2026, at a reported value of $38.55 per share. Following this acquisition, he directly holds 1,070 common shares.
No Rule 10b5-1 trading plan is reported for this transaction.
ISABELLA BANK CORP (ISBA) reported that President and director Neil Michael McDonnell received a grant or award acquisition of 3 shares of common stock on September 1, 2026 at $38.55 per share, held directly. Following this award, his direct holdings total 12,239.1038 common shares.
The filing also reports an indirect holding of 42 common shares attributed to an immediate family member, reflecting shares beneficially owned through a related party rather than directly by McDonnell.
ISABELLA BANK CORP (ISBA) announced that its Board of Directors declared a third-quarter cash dividend of $0.28 per common share. The dividend will be payable on September 30, 2026 to shareholders of record as of September 28, 2026. The company, headquartered in Mt. Pleasant, Michigan, operates Isabella Bank, a state-chartered community bank with 31 locations across eight Mid-Michigan counties, offering lending, deposit, investment, trust, and estate planning services.
ISABELLA BANK CORP director Jill Bourland reported a purchase of company stock. On 2026-08-17, she bought 7.2133 shares of common stock in a purchase categorized as an open market or private transaction at $41.59 per share. After this transaction, her direct holdings total 5,899.2943 shares of ISBA common stock.
Isabella Bank Corporation entered into a new Supplemental Executive Retirement Plan participation agreement with its Chief Financial Officer, Gerald J. Ritzert, effective August 11, 2026. The agreement provides for eight annual credits totaling $300,000 to his Plan account. It specifies an early retirement age of 55 and a normal retirement age of 65. The default payment form upon separation from service is replaced with five annual installments, aligning with similar prior agreements. The detailed Participation Agreement is included as Exhibit 10.1.
Isabella Bank Corporation and Grand River Commerce, Inc. plan a three-step business combination in which Grand River and its bank subsidiary will ultimately merge into Isabella and Isabella Bank. At the effective time, each Grand River share (excluding certain held or dissenting shares) will be converted into either cash or Isabella stock, subject to elections and proration so that approximately 35% of Grand River shares are exchanged for cash and 65% for Isabella stock.
The aggregate cash consideration is $18,262,391; the stock portion is based on issuing 839,003 Isabella shares. Assuming 9,136,529 Grand River shares outstanding at closing, the estimated per-share cash consideration is about $5.71 and the estimated exchange ratio is 0.1413. Aggregate cash can be reduced dollar-for-dollar if Grand River’s adjusted equity is below $45.7 million, and closing requires at least $40.0 million in adjusted equity. Based on 839,003 Isabella shares to be issued, former Grand River holders are expected to own about 9.9% of Isabella after closing.
At an entirely virtual special meeting on September 18, 2026, holders of voting Grand River common stock as of the August 3, 2026 record date will vote on approving the merger agreement and a possible adjournment. The Grand River board unanimously recommends voting in favor and has obtained a fairness opinion from Brean Capital. The deal requires regulatory approvals, tax opinions that the transaction qualifies as a Section 368(a) reorganization, and other conditions, so completion timing is uncertain.
Isabella Bank Corporation reported Q2 2026 net income of $5.0 million, roughly unchanged from $5.0 million a year earlier, while six‑month net income rose to $10.0 million from $9.0 million. Net interest income increased to $35.0 million for the first half of 2026 from $29.7 million in 2025.
Total assets were $2.22 billion and loans held for investment were $1.59 billion at June 30, 2026. Deposits were $1.81 billion, slightly below year‑end 2025, while shareholders’ equity increased to $248.7 million, helped by common stock issuance and retained earnings, partly offset by accumulated other comprehensive loss.
The company declared cash dividends of $0.28 per share in Q2. It entered a $30.0 million at‑the‑market common stock program with Piper Sandler & Co. and signed a merger agreement with Grand River Commerce, Inc., a $511.7 million‑asset bank holding company. Assuming completion in Q4 2026, the pro forma company is projected to have about $2.7 billion in assets.