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Stock impact report

Independent Bank Corporation Announces the Expansion of Its 2019 Share Repurchase Plan

Independent Bank Corporation (IBCP) 
Last independent bank corporation earnings: 4/30 07:59 am Check Earnings Report
Company Research Source: GlobeNewswire
GRAND RAPIDS, Mich., June 19, 2019 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors authorized an expansion of its 2019 share repurchase plan. Under the terms of the original 2019 share repurchase plan, the Company was authorized to buy back up to 5% of its outstanding common stock. As previously announced, the Company completed the purchase of 5% of its outstanding common stock in May 2019. Under the terms of the expanded 2019 share repurchase plan, the Company is authorized to repurchase an additional 300,000 shares. The expanded 2019 share repurchase plan is authorized to last through Dec. 31, 2019. The Company intends to accomplish additional 2019 share repurchases through open market transactions, though the Company could accomplish repurchases through other means, such as privately negotiated transactions. The timing and amount of any share repurchas Show less Read more
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