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INDEPENDENT BANK CORPORATION NAMES SHEAFFER ASSISTANT VICE PRESIDENT

 INDEPENDENT BANK CORPORATION NAMES SHEAFFER ASSISTANT VICE PRESIDENT
 IONIA, Mich., March 31 /PRNewswire/ -- Terry Sue Sheaffer has been promoted to assistant vice president at Independent Bank Corporation (NASDAQ-NMS: IBCP), the Ionia-based bank holding company.
 Loren C. Adgate, the corporation's president and chief executive officer, announced the promotion and commented, "Terry Sheaffer has become a key member of the management team. This promotion is well- deserved recognition of a job well done."
 Sheaffer joined the commercial lending operations of Independent Bank in 1975. In 1980, she became a senior credit analyst in the commercial loan credit department and, for the last three years, has held the position of loan review officer.
 Among Sheaffer's accomplishments is a series of American Institute of Banking programs and courses which she has completed. They include: Commercial Lending, Analyzing Financial Statements, Advanced Loan Documentation and the Loan Review Certificate Program. She has also completed the Credit Analysis and Analyzing Cash Flow courses at the University of Notre Dame.
 A 26-year resident of Ionia, Sheaffer has been actively involved with the local 4-H program and is a member of the Michigan Sheepbreeders, Michigan Suffolk Breeders and the National Suffolk Association.
 Independent Bank Corporation, with total assets of more than $365 million, has three affiliate banks: Independent Bank, Ionia; Independent Bank West Michigan, Rockford; and Independent Bank South Michigan which is headquartered in Leslie.
 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- 3/31/92
 /CONTACT: Doreen Rickert of Independent Bank Corporation, 616-527-2400/
 (IBCP) CO: Independent Bank Corporation ST: Michigan IN: FIN SU: PER


SB -- DE007 -- 3321 03/31/92 10:21 EST
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Publication:PR Newswire
Date:Mar 31, 1992
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