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Independent Bank Corporation (IBCP) M&A Call Transcript

Seeking Alpha

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⚡ Quantum Brief

Independent Bank Corporation (IBCP) announced its acquisition of HCB Financial Corp. in a March 2026 merger call, led by CEO William Kessel and HCB CEO Mark Kolanowski. The deal unites two Michigan-based community banks with aligned customer-focused models, emphasizing cultural and strategic synergy to accelerate growth in high-potential markets. Executives highlighted the merger’s scale-building potential in high-growth regions, leveraging HCB’s complementary footprint to expand Independent Bank’s market presence without sacrificing local relationships. Financial details were not disclosed, but leadership stressed operational efficiencies and shared values—prioritizing employees, communities, and long-term shareholder value—as core drivers of the partnership. Analysts from Hovde Group, Piper Sandler, and Keefe Bruyette participated, signaling strong industry interest in the consolidation of Michigan’s mid-tier banking sector.

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SA Transcripts159.05K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Independent Bank Corporation (IBCP) M&A Call March 19, 2026 9:00 AM EDT Company Participants William Kessel - President, CEO & DirectorMark Kolanowski - President, CEO & DirectorGavin Mohr - CFO, Executive VP, Treasurer & Corporate SecretaryJoel Rahn - Executive VP of Commercial Lending & Chief Lending Officer Conference Call Participants Brendan Nosal - Hovde Group, LLC, Research DivisionNathan Race - Piper Sandler & Co., Research DivisionMatthew Renck - Keefe, Bruyette, & Woods, Inc., Research DivisionBonnie Gettys Presentation Operator Good day, and thank you for standing by. Welcome to the Independent Bank Corporation acquisition of HCB Financial Corp. Conference Call [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Brad Kessel, President and CEO. Please go ahead. William KesselPresident, CEO & Director Good morning, and thank you for joining us to discuss the merger of Independent Bank Corporation and HCB Financial Corp. Joining me today is our CFO, Gavin Mohr, our EVP of Commercial Banking, Joel Rahn, and we are very pleased to also have Mark Kolanowski, the CEO of HCB Financial Corp. with us as well. Before we begin today's call, please note the cautionary note regarding forward-looking statements and disclosures on Slide 2. Turning to Slide 3, titled Michigan's most people focused Bank, this transaction represents a compelling cultural and strategic fit that reinforces our winning formula for growth in Michigan. From the time my discussions with Mark began it was clear how similar our institutions truly are. At Independent, we run a community banking model, focused on our customers, our communities and our employees. And in HCB, we found a partner that lives by the same blueprint and is deeply aligned from day 1. Strategically, I'm excited about this partnership as it builds scale in high-growth quarters with a high-quality

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Independent Bank Corporation (IBCP) M&A Call Transcript

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