INDEPENDENT BANK CORP

Independent Bank Corporation is a bank holding company registered under the Bank Holding Company Act of 1956, as amended. It owns all outstanding stock of Independent Bank, a Michigan-organized bank founded as First National Bank in Ionia in 1864. The company has grown through organic expansion and acquisitions, with its most recent acquisition being Traverse City State Bank in April 2018. Its primary business involves collecting dividends or returns from its bank and paying dividends to shareholders and interest on subordinated debt and debentures. The bank operates in the single industry of commercial banking, offering services to individuals and businesses. These services include checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The bank does not offer trust services. Its principal markets are rural and suburban communities across Lower Michigan, served by its main office in Grand Rapids, Michigan, 56 branches, one drive-thru facility, and five Michigan-based loan production offices. It also has one loan production facility in Fairlawn, Ohio. Most branches offer full-service lobby and drive-thru services, along with ATMs. The company also provides internet and mobile banking.