People: Independent Bank Corp (IBCP.O)
IBCP.O on Nasdaq
6.42USD
24 May 2013
6.42USD
24 May 2013
Price Change (% chg)
$0.07 (+1.10%)
$0.07 (+1.10%)
Prev Close
$6.35
$6.35
Open
$6.35
$6.35
Day's High
$6.53
$6.53
Day's Low
$6.35
$6.35
Volume
15,865
15,865
Avg. Vol
87,722
87,722
52-wk High
$9.00
$9.00
52-wk Low
$2.45
$2.45
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Michael Magee |
57 | 2013 | Executive Chairman of the Board |
William Kessel |
48 | 2013 | President, Chief Executive Officer, Director |
Robert Shuster |
55 | 2001 | Chief Financial Officer, Executive Vice President |
Stefanie Kimball |
53 | 2012 | Executive Vice President, Chief Risk Officer |
Mark Collins |
55 | 2009 | Executive Vice President, General Counsel |
Dennis Mack |
51 | 2012 | Executive Vice President, Chief Lending Officer |
David Reglin |
53 | 1998 | Executive Vice President - Retail Banking |
Peter Graves |
55 | 2007 | Senior Vice President, Chief Information Officer |
James Twarozynski |
47 | 2002 | Senior Vice President, Controller |
Richard Butler |
61 | 1998 | Senior Vice President - Operations |
James McCarty |
65 | 2011 | Lead Independent Director |
Donna Banks |
56 | 2005 | Independent Director |
William Boer |
58 | 2012 | Independent Director |
Jeffrey Bratsburg |
69 | 2011 | Independent Director |
Stephen Gulis |
55 | 2004 | Independent Director |
Terry Haske |
64 | 1996 | Independent Director |
Robert Hetzler |
67 | 2009 | Independent Director |
Charles Palmer |
68 | 1991 | Independent Director |
Charles Van Loan |
65 | 2005 | Independent Director |
Biographies
| Name | Description |
|---|---|
Michael Magee |
Mr. Michael M. Magee is an Executive Chairman of the Board of Independent Bank Corporation, since January 1, 2013. Prior to January 1, 2013, Mr. Magee was the Chief Executive Officer of Independent Bank Corporation since January 1, 2005, Executive Vice President and Chief Operating Officer since 2004 and prior to that he served as President and Chief Executive Officer of Independent Bank since 1993. He became a director of Independent Bank Corporation in 2005. Mr. Magee has over 32 years of service in the financial services industry and had served as Chief Executive Officer for 8 years. That position and those experiences make him an important component of the Board. |
William Kessel |
Mr. William Bradford Kessel is President, Chief Executive Officer, Director of Independent Bank Corporation, since January 1, 2013. Previously he served as President of the company since April 1, 2011. He served as Executive Vice President and Chief Operations Officer of since 2007. Mr. Kessel was appointed Executive Vice President - Chief Operations Officer of Independent Bank in September 2007 in conjunction with the consolidation of bank charters. He joined Independent Bank Corporation in 1994 as Vice President of Finance. In 1996 he was appointed Senior Vice President of Branch Administration for Independent Bank, a position he held until being named as President and CEO of Independent Bank in 2004 (prior to the consolidation of four bank charters in 2007). Mr. Kessel is a certified public accountant and received his undergraduate degree from Miami University (Ohio) and his MBA from Grand Valley State University. |
Robert Shuster |
Mr. Robert N. Shuster is Chief Financial Officer, Executive Vice President of Independent Bank Corporation. Prior to this appointment, he was President and Chief Executive Officer of Independent Bank MSB since 1999 and was President and Chief Executive Officer of Mutual Savings Bank, f.s.b since 1994. Mr. Shuster is a certified public accountant and received his degree from the University of Michigan. |
Stefanie Kimball |
Ms. Stefanie M. Kimball is an Executive Vice President, Chief Risk Officer of Independent Bank Corporation. Prior to such designation, Ms. Kimball served as Executive Vice President and Chief Lending Officer of the bank. Prior to joining Independent Bank, she had been with Comerica Incorporated for 25 years, serving as a Senior Vice President for 10 years. Ms. Kimball held several notable positions during her Comerica tenure including Senior Credit Officer responsible for lending businesses to Middle Market, Small Business, Private Banking as well as Consumer Lending. In addition she assumed the role of Senior Vice President, Credit Risk Management and was responsible for design and implementation of the bank’s Basel credit risk initiatives. Ms. Kimball received her undergraduate degree from Oakland University and her MBA from the University of Detroit. Ms. Kimball was a Senior Vice President at Comerica Incorporated since 1998. |
Mark Collins |
Mr. Mark L. Collins is an Executive Vice President, General Counsel of Independent Bank Corporation, since 2009. In June 2010, he was also appointed as President and Chief Executive Officer of Mepco Finance Corporation, a wholly-owned subsidiary of Independent Bank. Prior to joining the Company, Mr. Collins was a Partner with Varnum LLP, a Grand Rapids, Michigan based law firm, where he specialized in commercial law. Mr. Collins received his law degree in 1982 from the Villanova University School of Law. |
Dennis Mack |
Mr. Dennis J. Mack is an Executive Vice President, Chief Lending Officer of Independent Bank Corp. Mr. Mack was a Senior Vice President and commercial credit officer since 2009 and a Senior Vice President at Comerica Incorporated since 2001. |
David Reglin |
Mr. David C. Reglin is an Executive Vice President - Retail Banking of Independent Bank Corporation, since 1998. He was appointed Executive Vice President — Retail Banking in September 2007 in conjunction with bank charter consolidation. Prior to September 2007, he had been the President and Chief Executive Officer of Independent Bank West Michigan since 1999 and prior to that time he was Senior Vice President of the Bank since 1991. Mr. Reglin is the President of Independent Title Services, Inc. He originally joined Independent Bank Corporation in 1981. Mr. Reglin received his bachelor’s degree from Central Michigan University. |
Peter Graves |
Mr. Peter R. Graves is Senior Vice President, Chief Information Officer of Independent Bank Corporation, since April 2007. He was promoted to Senior Vice President in 1999. Prior to this promotion Mr. Graves was Senior Vice President of the Company's commercial loan services department. |
James Twarozynski |
Mr. James J. Twarozynski is Senior Vice President, Controller of Independent Bank Corporation, since 2002. Prior to this promotion he was Vice President and Controller since 1993. He began his career in 1988 at KPMG, an independent public accounting firm. |
Richard Butler |
Mr. Richard E. Butler is Senior Vice President - Operations of Independent Bank Corporation, since 1998. |
James McCarty |
Mr. James E. McCarty is Lead Independent Director of Independent Bank Corporation. Mr. McCarty became a director of Independent Bank Corporation in 2002 and currently serves as the lead independent director of the Board. He is the retired President of McCarty Communications (commercial printing). Mr. McCarty’s prior experience in a corporate leadership position and prior service as a director of a financial institution makes his service to the Board important. |
Donna Banks |
Dr. Donna J. Banks is an Independent Director of Independent Bank Corporation, since 2005. Dr. Banks is a retired Senior Vice President of the Kellogg Company. She became a director in 2005. Dr. Banks’ prior experience in an executive leadership position with a corporation makes her an important member of the Board. Moreover, her prior experience with a corporation that is subject to the reporting requirements of the Securities Exchange Act of 1934 is of use to the Board and the Company. |
William Boer |
Mr. William J. Boer is an Independent Director of Independent Bank Corp. Mr. Boer is President and Founder of Grey Dunes, an independent family office advisory firm in Grand Rapids, Michigan. He was appointed as a director of Independent Bank Corporation in 2012. From 1995 to 2005, Mr. Boer served as Vice President and Chief Operating Officer of RDV Corporation, the family office of the Richard M. DeVos family. In this capacity, Mr. Boer was responsible for running the office's day-to-day operations, which included managing investments, foundation administration, and financial services. Prior to joining RDV Corporation in 1995, Mr. Boer was President of Michigan National Bank, Grand Rapids, and from 1987 to 1993 was Vice President for Administration and Finance at Calvin College. |
Jeffrey Bratsburg |
Mr. Jeffrey A. Bratsburg is an Independent Director of Independent Bank Corporation. Mr. Bratsburg served as the Chairman of the Board of Directors of Independent Bank Corporation from April 2009 to April 2011. Mr. Bratsburg served as President and CEO of Independent Bank West Michigan from 1985 until his retirement in 1999. He became a director in 2000. Mr. Bratsburg’s prior experience as a bank president, as well as his 20 years of experience in the financial services industry, makes him an important member of the Board. |
Stephen Gulis |
Mr. Stephen L. Gulis is an Independent Director of Independent Bank Corporation, since November 24, 2004. Mr. Gulis is the President of Kamps, Inc., a Grand Rapids, Michigan based pallet supplier. In 2008, he retired as the Executive Vice President and President of Wolverine Worldwide Global Operations Group. He served as Executive Vice President, CFO and Treasurer of Wolverine Worldwide prior to his appointment as President, Global Operations. He became a director of Independent Bank Corporation in 2004. Mr. Gulis’ prior experience as a chief financial officer of a corporation is an important skill set to have on the Board. In addition, his prior experience with a corporation that is subject to the reporting requirements of the Securities Exchange Act of 1934 is important to the Board. |
Terry Haske |
Mr. Terry L. Haske is an Independent Director of Independent Bank Corporation, since 1996. Mr. Haske is a CPA and Principal with Anderson, Tuckey, Bernhardt & Doran, P.C. since 2008. Prior to 2008 he was the President of Ricker & Haske, CPAs, and P.C. He became a director of Independent Bank Corporation in 1996. Mr. Haske’s experience and qualifications as a CPA, as well as his prior service as a director of the Company and as a director of other banking institutions, makes his service to the Board important. |
Robert Hetzler |
Mr. Robert L. Hetzler is an Independent Director of Independent Bank Corporation. Mr. Hetzler is the retired President of Monitor Sugar Company (food processor). He became a director of Independent Bank Corporation in 2000. Mr. Hetzler, who has a legal degree, has numerous years as a senior leader of a business organization. Those skill sets and experiences are important to the Board and the Company. |
Charles Palmer |
Mr. Charles A. Palmer is an Independent Director of Independent Bank Corporation, since 1991. Mr. Palmer is an attorney and a professor of law at Thomas M. Cooley Law School. He became a director of Independent Bank Corporation in 1991. Mr. Palmer’s training as an attorney and almost 22 years of service as a director of the Company provides additional talent to the Board. |
Charles Van Loan |
Mr. Charles C. Van Loan is an Independent Director of Independent Bank Corporation. Mr. Van Loan served as President and CEO of Independent Bank Corporation from 1993 until 2004 and as Executive Chairman during 2005. He retired on December 31, 2005. He first became a director in 1992. Mr. Van Loan has 29 years of experience in the financial services industry. Mr. Van Loan served as the Company’s CEO for 10 years, which makes his input useful to the Board. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Michael Magee |
591,380 |
William Kessel |
538,052 |
Robert Shuster |
336,733 |
Stefanie Kimball |
348,926 |
Mark Collins |
335,013 |
Dennis Mack |
-- |
David Reglin |
328,300 |
Peter Graves |
-- |
James Twarozynski |
-- |
Richard Butler |
-- |
James McCarty |
-- |
Donna Banks |
-- |
William Boer |
-- |
Jeffrey Bratsburg |
194,399 |
Stephen Gulis |
-- |
Terry Haske |
-- |
Robert Hetzler |
-- |
Charles Palmer |
-- |
Charles Van Loan |
860,241 |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Michael Magee |
140,725 | 1,377,626 |
William Kessel |
0 | 0 |
Robert Shuster |
77,834 | 444,518 |
Stefanie Kimball |
0 | 0 |
Mark Collins |
0 | 0 |
Dennis Mack |
0 | 0 |
David Reglin |
118,074 | 946,377 |
Peter Graves |
0 | 0 |
James Twarozynski |
0 | 0 |
Richard Butler |
0 | 0 |
James McCarty |
0 | 0 |
Donna Banks |
0 | 0 |
William Boer |
0 | 0 |
Jeffrey Bratsburg |
24,128 | 59,809 |
Stephen Gulis |
0 | 0 |
Terry Haske |
0 | 0 |
Robert Hetzler |
0 | 0 |
Charles Palmer |
0 | 0 |
Charles Van Loan |
248,791 | 774,280 |
| Name | Shares Traded | Price |
|---|---|---|
KESSEL WILLIAM B |
108 | $0.00 |
KESSEL WILLIAM B |
111 | $0.00 |
KESSEL WILLIAM B |
90 | $0.00 |
KESSEL WILLIAM B |
102 | $0.00 |
PALMER CHARLES A |
787 | $8.46 |
VAN LOAN CHARLES C |
1,515 | $8.46 |
BOER WILLIAM J |
757 | $8.46 |
BANKS DONNA J |
757 | $8.46 |
HETZLER ROBERT L |
1,515 | $8.46 |
HASKE TERRY L |
757 | $8.46 |
KESSEL WILLIAM B |
120 | $0.00 |
KESSEL WILLIAM B |
133 | $0.00 |
KESSEL WILLIAM B |
117 | $0.00 |
KESSEL WILLIAM B |
149 | $0.00 |
HASKE TERRY L |
1,000 | $5.22 |
KESSEL WILLIAM B |
61 | $4.28 |
KESSEL WILLIAM B |
135 | $0.00 |
SHUSTER ROBERT N |
534 | $3.83 |
KESSEL WILLIAM B |
521 | $3.83 |
TWAROZYNSKI JAMES J |
177 | $3.83 |
KIMBALL STEFANIE M |
485 | $3.83 |
KESSEL WILLIAM B |
68 | $3.80 |
KESSEL WILLIAM B |
152 | $0.00 |
HETZLER ROBERT L |
3,664 | $3.50 |
BOER WILLIAM J |
1,832 | $3.50 |
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