Independent Bank Corporation completes acquisition of HCB Financial Corp.

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Summary · why it matters

Independent Bank Corporation has completed its acquisition of HCB Financial Corp., the parent company of Highpoint Community Bank. The deal merges Highpoint Community Bank into Independent Bank Corporation, adding approximately $597 million in assets to Independent's roughly $5.6 billion total. The merger bridges a geographic gap between Independent's Grand Rapids and Lansing hubs and supports planned growth into Southwest Michigan. Highpoint customers will see no immediate changes to their banking services, with full system integration expected by November 9, 2026. Mark Kolanowski will join Independent Bank as Executive Vice President and Senior Advisor, and Chelsey Foster will serve as Regional President for Commercial Lending.

Impact on assets 2

Financials▲ · 2 stocks
Independent Bank Corporation
IBCP
▲ PositiveCapitalrelevance

Independent Bank Corporation completed the acquisition of HCB Financial Corp., adding $597M in assets and expanding its footprint.

Off-coverage companies 2

HCB Financial Corp.Private▲ Positive
Capitalrelevance

HCB Financial Corp. was acquired by Independent Bank Corporation, completing the merger.

Highpoint Community BankPrivate▲ Positive
Capitalrelevance

Highpoint Community Bank is being merged into Independent Bank Corporation as part of the acquisition.

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