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INDEPENDENT BANK CORPORATION DECLARES DIVIDEND

 INDEPENDENT BANK CORPORATION DECLARES DIVIDEND
 IONIA, Mich., June 16 /PRNewswire/ -- The board of directors of


Independent Bank Corporation (NASDAQ-NMS: IBCP), the Ionia-based bank holding company, has declared a regular quarterly cash dividend of $0.13 per share on the corporation's common stock. The dividend will be paid on July 31, 1992, to shareholders of record on July 6, 1992. This will be the 69th consecutive cash dividend paid by the corporation which commenced operations in 1974.
 Independent Bank Corporation, with total assets of more than $376 million, has three affiliate banks: Independent Bank, Ionia; Independent Bank West Michigan, Rockford; and Independent Bank South Michigan, Leslie. The three banks operate 26 offices serving 23 communities in western and central Michigan.
 The corporation's common stock is traded in the over-the-counter market and quoted on the NASDAQ National Market System under the symbol IBCP.
 -0- 6/16/92
 /CONTACT: Loren C. Adgate of Independent Bank Corporation, 616-527-9450/
 (IBCP) CO: Independent Bank Corporation ST: Michigan IN: FIN SU: DIV


DH -- DE025 -- 0779 06/16/92 15:31 EDT
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Publication:PR Newswire
Date:Jun 16, 1992
Words:174
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