IONIA, Mich., Oct. 24, 2012 /PRNewswire/ -- Independent Bank Corporation (Nasdaq: IBCP) reported that on October 23, 2012, William J. Boer was appointed to its Board of Directors as well as the Board of Directors of its wholly-owned subsidiary, Independent Bank. Michael M. Magee, the Chief Executive Officer of Independent Bank Corporation, commented: "We are thrilled to have Bill join our Board. His background and expertise will be a great addition to our organization. Bill is a well-respected leader in West Michigan." Mr. Boer commented: "I am excited to join the Independent Bank Board. The Company has a rich history and a strong commitment to Michigan. I look forward to being part of this great team." William Boer is president and founder of Grey Dunes, an independent family office advisory firm in Grand Rapids, Michigan. Established in 2005, Grey Dunes assists high-net worth families in organizing wealth including estate planning, philanthropy, investment management and governance. 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. Richard M. DeVos is co-founder of Amway Corporation and owner of the NBA's Orlando Magic. 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. A graduate of Calvin College with a BA in Economics, Mr. Boer earned an MBA with honors in Finance and Strategic Planning from the University of Southern California and an MS in Higher Education from Indiana University. 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. Drawing on his background in direct private equity investments, Mr. Boer also serves as part-owner and chairman of Best Metal Products, a hydraulic cylinder manufacturing company, and part-owner and vice chairman of Compatico, an office furniture manufacturing company, both of which are headquartered in West Michigan. Mr. Boer is actively involved in the strategic planning for each company. Mr. Boer's current community activities include serving on the boards of the Gerald R. Ford District of Boy Scouts of America (Mr. Boer is an Eagle Scout), the West Michigan Aviation Academy, as well as the Investment Committee of Calvin College. He is also chairman of the Helen DeVos Children's Hospital Committee and serves on the board of Spectrum Health Hospital . About Independent Bank Corporation Independent Bank Corporation (Nasdaq Symbol: IBCP) is a Michigan-based bank holding company with total assets of approximately $2.4 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation now operates convenient locations across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and title services. Independent Bank has received the "Highest Customer Satisfaction with Retail Banking in the North Central Region" from the J.D. Power and Associates 2012 Retail Banking Satisfaction Study(SM). The J.D. Power and Associates study results are based on experiences and perceptions of consumers surveyed January-February, 2012. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves. For more information, please visit our website at: www.IndependentBank.com. SOURCE Independent Bank Corporation
Looking at the universe of stocks we cover at Dividend Channel, on 2/4/15, Independent Bank Corporation will trade ex-dividend, for its quarterly dividend of $0.06, payable on 2/17/15. As a percentage of IBCP's recent stock price of $12.34, this dividend works out to approximately 0.49%.