Independent Bank Corporation (IBCP)

Overall impact
C (43)

Commentary

Independent Bank Corporation is an average overall performer. With a 'C' rating of 42.5 for overall impact (27th percentile compared to all companies), Independent Bank Corporation ranks 28th out of 37 industry peers, behind Huntington Bancshares, Fifth Third Bank, First Business Financial Services and 24 others, and ahead of First Busey, First Foundation, 1st Source and 6 others. On top material causes for Independent Bank Corporation's industry (Banking), Independent Bank Corporation performs poorly in Arts and Culture Access (36.1 score), Racial Justice and Civil Rights (33.6), Reduced Availability of Weapons (29.7) and 9 other causes where it received a 'D' or 'F' score. Independent Bank Corporation did not receive an 'A' rating on any cause.
Impact
Cause IBCP
Peer rank
Overall impact

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Impact trend

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Company
Employees
735
Sector
Financials
Industry
Banks
Sub-industry
Regional Banks
SASB industry
Commercial Banks
Headquarters
Mi, United States
Share classes
IBCP
Description
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consist of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Material causes
Ethos considers the following causes material for Independent Bank Corporation, based on its industry sub-industry Regional Banks. Learn more about material causes in our methodology overview.

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