IONIA, Mich., Sept. 21 /PRNewswire/ -- Independent Bank
Corporation (Nasdaq: IBCPD), the holding company of Independent
Bank, a Michigan-based community
bank, announced that it received a notice from The NASDAQ Stock
Market stating that it has regained compliance with NASDAQ's
requirements for continued listing. Subject to its ongoing
compliance, the Company's common stock will continue to trade on
The NASDAQ Global Select Market under the symbol IBCPD (until
approximately September 30, 2010 and
after such date the Company's common stock will revert back to its
prior symbol of IBCP).
About Independent Bank Corporation
Independent Bank Corporation (Nasdaq Symbol: IBCPD) is a
Michigan-based bank holding
company with total assets of approximately $2.7 billion. Founded as First National
Bank of Ionia in 1864, Independent
Bank Corporation now operates over 100 offices 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 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
Any statements in this news release that are not historical
facts are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Words such as "expect,"
"believe," "intend," "estimate," "project," "may" and similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are predicated on management's
beliefs and assumptions based on information known to Independent
Bank Corporation's management as of the date of this news release
and do not purport to speak as of any other date. Forward-looking
statements include descriptions of plans and objectives of
Independent Bank Corporation's management for future or past
operations, products or services, and forecasts of the Company's
revenue, earnings or other measures of economic performance. Such
statements reflect the view of Independent Bank Corporation's
management as of this date with respect to future events and are
not guarantees of future performance, involve assumptions and are
subject to substantial risks and uncertainties, such as the changes
in Independent Bank Corporation's plans, objectives, expectations
and intentions. Should one or more of these risks materialize or
should underlying beliefs or assumptions prove incorrect, the
Company's actual results could differ materially from those
discussed. Factors that could cause or contribute to such
differences include the ability of Independent Bank Corporation to
meet the objectives of its capital restoration plan, the ability of
Independent Bank to remain well-capitalized under federal
regulatory standards, the pace of economic recovery within
Michigan and beyond, changes in
interest rates, changes in the accounting treatment of any
particular item, the results of regulatory examinations, changes in
industries where the Company has a concentration of loans, changes
in the level of fee income, changes in general economic conditions
and related credit and market conditions, and the impact of
regulatory responses to any of the foregoing. Forward-looking
statements speak only as of the date they are made. Independent
Bank Corporation does not undertake to update forward-looking
statements to reflect facts, circumstances, assumptions or events
that occur after the date the forward-looking statements are made.
For any forward-looking statements made in this news release or in
any documents, Independent Bank Corporation claims the protection
of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995.
SOURCE Independent Bank Corporation
Copyright . 21 PR Newswire
