NASDAQ, IBCP - Independent Bank Corp
Independent Bank Corporation was incorporated under the laws of the State of
Michigan on September 17, 1973, for the purpose of becoming a bank holding
company. We are registered under the Bank Holding Company Act of 1956, as
amended, and own the outstanding stock of Independent Bank (the ?Bank?) which is
organized under the laws of the State of Michigan. During 2007 we consolidated
our existing four bank charters into one.
Aside from the stock of our Bank, we have no other substantial assets. We
conduct no business except for the collection of dividends from our Bank and the
payment of dividends to our shareholders. Certain employee retirement plans
(including employee stock ownership and deferred compensation plans) as well as
health and other insurance programs have been established by us. The costs of
these plans are borne by our Bank and their respective subsidiaries. ...
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