Independent Bank Corporation Mourns the Loss of Chairman Michael M. Magee, Jr.

Strategic Insights -

The Independent Bank Corporation is in mourning following the passing of Chairman Michael M. Magee, Jr. on August 3, 2025. Mike served the bank for 38 years, bringing significant leadership, resilience, and passion to the role. He was Chairman of the Board of Directors from 2013 to 2024 and CEO from 2005. During his tenure, Independent Bank Corporation grew to have total assets of approximately $5.4 billion, operating nearly 60 locations across Michigan's Lower Peninsula.

Key Takeaways:

  • Michael M. Magee, Jr. passed away on August 3, 2025, after serving Independent Bank Corporation for 38 years.
  • Mike served as Chairman of the Board of Directors from 2013 to 2024 and CEO from 2005.
  • He was also Executive Vice President and Chief Operating Officer in 2004 and President and CEO of Independent Bank (IBC affiliate) starting in 1993.
  • Independent Bank Corporation operates 57 locations across Michigan's Lower Peninsula with total assets of approximately $5.4 billion.
  • The bank provides a full range of financial services, including commercial banking, mortgage lending, investments, and title services.
  • Independent Bank Corporation is committed to exceptional personal service and value to its customers, stockholders, and the communities it serves.
  • Lane Solomon, a spokesperson for Independent Bank, confirmed Mike's passing and expressed the bank's condolences.

Statistics:

  • Total assets: $5.4 billion
  • Number of locations: 57
  • Years of service: 38
  • Years as Chairman of the Board of Directors: 11 (2013-2024)
  • Years as CEO: 10 (2005-2014)

Sources:

  • GlobeNewswire (MIL-OSI) August 15, 2025, Independent Bank Corporation Announces Passing of Chairman, Michael M. Magee, Jr.
  • IndependentBank.com (accessed August 15, 2025)