Independent Bank Corporation Mourns the Loss of Board Member and Past Chairman Michael M. Magee, Jr.

Strategic Insights -

The Independent Bank community is deeply saddened by the passing of Michael M. Magee, Jr., a current Board member and past Chairman of the Board of Directors for Independent Bank Corporation. Magee served the company for 38 years, bringing strong leadership, resilience, and wisdom to his role. As Chairman from 2013 to 2024, he was instrumental in guiding the company's growth and success. Magee's tenure began in 1993 as President and CEO of Independent Bank's affiliate, and he later served as Executive Vice President and Chief Operating Officer in 2004, before becoming CEO in 2005. Under his leadership, the company expanded to nearly 60 locations across Michigan's Lower Peninsula, with total assets of approximately $5.4 billion.

Key Takeaways:

  • Michael M. Magee, Jr. served Independent Bank Corporation for 38 years, bringing a wealth of experience and leadership to the company.
  • Magee served as Chairman of the Board of Directors from 2013 to 2024, overseeing the company's growth and development.
  • He held various leadership positions, including President and CEO of Independent Bank's affiliate, Executive Vice President and Chief Operating Officer, and CEO of Independent Bank Corporation.
  • Independent Bank Corporation operates nearly 60 locations across Michigan's Lower Peninsula, with total assets of approximately $5.4 billion.
  • Magee was instrumental in guiding the company's growth and success, and his legacy will be deeply missed by the Independent Bank community.
  • Independent Bank is committed to providing exceptional personal service and value to its customers, stockholders, and the communities it serves.

Statistics:

  • 38 years: the length of time Michael M. Magee, Jr. served Independent Bank Corporation.
  • 2013-2024: the years Magee served as Chairman of the Board of Directors.
  • 1993: the year Magee began serving as President and CEO of Independent Bank's affiliate.
  • 2004: the year Magee became Executive Vice President and Chief Operating Officer.
  • 2005: the year Magee became CEO of Independent Bank Corporation.
  • 2025: the year Michael M. Magee, Jr. passed away.
  • 5.4 billion: the approximate total assets of Independent Bank Corporation.
  • 60: the number of locations across Michigan's Lower Peninsula operated by Independent Bank Corporation.

Sources:

  • Independent Bank Corporation (NASDAQ: IBCP)
  • GlobeNewswire
  • Michael M. Magee, Jr.