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Independent Bank Corporation Announces Completion of Merger With TCSB Bancorp, Inc.

INDEPENDENT BANK (IONIA) (IBCP)  More Company Research Source: GlobeNewswire
Last independent bank (ionia) earnings: 4/23 07:59 am Check Earnings Report
PDF GRAND RAPIDS, Mich., April 02, 2018 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ:IBCP), the parent company of Independent Bank, announced the completion of the merger of TCSB Bancorp, Inc. (“TCSB”) with and into IBCP as well as the completion of the merger of Traverse City State Bank with and into Independent Bank.  Both transactions were effective on Apr. 1, 2018.  On a pro-forma basis, the combined organization will have approximately $3.1 billion in total assets, $2.3 billion of loans and $2.7 billion of deposits. Commenting on the completion of the merger, Brad Kessel, President and CEO, commented: “We are delighted to officially welcome Connie Deneweth (former CEO of TCSB), Ann Bollinger (former President and Chief Financial Officer of TCSB) and the entire Traverse City State Bank team to the Independent Bank family.  We are excited about the future prospects of the combined organization and serving the Traverse City State Bank customers and communities.  We will [Read more]

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