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Independent Bank Corp (IBCP.OQ)

IBCP.OQ on NASDAQ Stock Exchange Global Select Market

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15 Dec 2017
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Summary

Name Age Since Current Position

Michael Magee

60 2013 Executive Chairman of the Board

William Kessel

52 2013 President, Chief Executive Officer, Director

Robert Shuster

59 2001 Chief Financial Officer, Executive Vice President

Stefanie Kimball

57 2012 Executive Vice President, Chief Risk Officer

Mark Collins

59 2009 Executive Vice President, General Counsel

Dennis Mack

54 2012 Executive Vice President, Chief Lending Officer

David Reglin

57 1998 Executive Vice President - Retail Banking

James Twarozynski

51 2002 Senior Vice President, Controller

James McCarty

69 2011 Lead Independent Director

Michael Cok

2017 Director

William Boer

60 2012 Independent Director

Joan Budden

55 2015 Independent Director

Stephen Gulis

59 2004 Independent Director

Terry Haske

68 1996 Independent Director

Christina Keller

35 2016 Independent Director

Matthew Missad

56 2014 Independent Director

Charles Van Loan

69 2005 Independent Director

Biographies

Name Description

Michael Magee

Mr. Michael M. Magee, Jr.is 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 33 years of service in the financial services industry and served as our Chief Executive Officer for 8 years. That position and those experiences make him a particularly important component of the Board, and his prior roles with the Company allow him to be particularly effective as Chairman 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 the Company. 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 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 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 Executive Vice President, Chief Lending Officer of the Company. 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 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.

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.

James McCarty

Mr. James E. McCarty is Lead Independent Director of Independent Bank Corporation. 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.

Michael Cok

Mr. Michael J. Cok is Director of the company. Since March 2013, Mr. Cok has served as Chief Operating Officer – Farmers Specialty, a division of Farmers Group, Inc., which operates as a manager of the insurance operations of the Farmers Insurance Group of Exchanges (Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange). Mike also serves as Vice President of Foremost Insurance Company of Grand Rapids, Michigan and its subsidiaries, which are wholly-owned subsidiaries of the Exchanges. Farmers Group, Inc. is a wholly-owned subsidiary of the Zurich Insurance Group Ltd. family of insurance companies. Farmers Specialty provides a variety of specialty, personal lines insurance products throughout the United States. Mr. Cok is a certified public accountant and is active in a variety of charitable and civic organizations.

William Boer

Mr. William (Bill) J. Boer is Independent Director of the Company, since October 23, 2012. He was appointed as a director of Independent Bank Corporation in 2012 and was elected as a director by our shareholders in 2013. 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. 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. Mr. Boer’s past banking experience, his investment advisory expertise, and his broad experience in executive leadership roles within a number of industries provides important skill sets to our Board.

Joan Budden

Ms. Joan A. Budden is Independent Director of the Company. She was named President & CEO of Priority Health in January 2016, one of Michigan’s largest health plans with over $3 billion in revenue. Ms. Budden accepted the position having served as Chief Marketing Officer for Priority Health since 2009. Ms. Budden’s responsibilities as Chief Marketing Officer included leading strategic positioning and profitable growth for Priority Health’s individual, group commercial and government markets. Ms. Budden has more than 25 years of health insurance experience. She has held a number of leadership and executive management positions in the health insurance industry that include leading the individual consumer division, project management office and corporate strategy departments for Blue Cross Blue Shield of Michigan prior to joining Priority Health. Ms. Budden’s experience in a highly competitive and regulated industry that is undergoing significant change as well as her marketing expertise and leadership skills make her an important part of the Board.

Stephen Gulis

Mr. Stephen L. Gulis is Independent Director of Independent Bank Corporation, since November 24, 2004. Mr. Gulis retired in 2008 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 major 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 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 particularly important

Christina Keller

Ms. Christina Keller is Independent Director of the company. Since August 2016, Ms. Keller has served as the President of the Cascade Business Team (CBT) of Cascade Engineering (CE). CBT consists of four of CE’s nine business units. CE is a global manufacturing company based in Grand Rapids, Michigan. Prior to becoming President of CBT, Ms. Keller served in a variety of roles at CE since 2009. Her role as an executive of a global manufacturing company and her leadership skills provide an important resource to the Board and management.

Matthew Missad

Mr. Matthew J. Missad is Independent Director of the Company, since October 28, 2014. Mr. Missad is the Chief Executive Officer of Universal Forest Products, Inc. (“UFP”), a position he has held since July, 2011. UFP is a $3 billion (revenue) supplier of wood, wood composite and other products to the retail, construction and industrial markets throughout North America. From 1996 to 2011, Mr. Missad served as Executive Vice President, General Counsel and Secretary of UFP. He also serves as a director of UFP. In the fall of 2015, Mr. Missad was listed in Fortune Magazine’s “Top 50 Corporate Leaders”. Mr. Missad’s experience as the chief executive officer of a publicly-held corporation, as well as a director of that corporation, provides a unique resource to the Board and management.

Charles Van Loan

Mr. Charles C. Van Loan is Independent Director of Independent Bank Corporation. He retired on December 31, 2005. He first became a director in 1992. Mr. Van Loan has 38 years of experience in the financial services industry. Mr. Van Loan served as the Company’s CEO for over 10 years, which makes his input useful to the Board.