Independent Bank Corp (Michigan)
NASDAQ:IBCP
IBCP's latest stock split occurred on Sep 1, 2010
The company executed a 1-for-10 stock split, meaning that for every 10 shares held, investors received 1 new share.
Before the split, IBCP traded at 0.19 per share. Afterward, the share price was about 1.3953.
The adjusted shares began trading on Sep 1, 2010. This was IBCP's 15th stock split, following the previous one in Aug 31, 2006.
1S9
Independent Bank Corp (Michigan)
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Independent Bank Corp. operates as a bank holding company, which engages in the provision of financial services. The company is headquartered in Grand Rapids, Michigan and currently employs 866 full-time employees. The firm operates through the community banking segment, which provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. The firm is engaged in bank transacts business in the single industry of commercial banking. The Bank classifies loans as commercial, consumer real estate and other consumers. Its commercial loans consist of commercial and industrial loans, commercial real estate, commercial construction, and small business loans. Its consumer real estate consists of residential mortgages and home equity loans and lines of credit that are secured primarily by owner-occupied residences and mortgages for the construction of residential properties. Its other consumer loans are focused on personal loans. The company has over 119 retail branches, two limited-service branches and a mobile branch in Eastern Massachusetts.
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