Independent Bank Corporation plans to repurchase up to 1,100,000 shares, 5% of common stock.

From GlobeNewswire: 2024-12-17 12:41:53

Independent Bank Corporation (NASDAQ: IBCP) announced a 2025 share repurchase plan authorizing the buyback of up to 1,100,000 shares, around 5% of its common stock. The plan will last through December 31, 2025, with repurchases potentially done through open market or privately negotiated transactions. The company’s 2024 share repurchase plan will expire on December 31, 2024, and no shares had been repurchased as of December 17, 2024. Independent Bank Corporation, with total assets of approximately $5.3 billion, operates a branch network in Michigan, offering financial services like commercial banking, mortgage lending, investments, and insurance.



Read more at GlobeNewswire: Independent Bank Corporation Announces the Adoption of its