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Independent Bank Corporation Announces Dividend On Certain Trust Preferred Securities

  Independent Bank Corporation Announces Dividend On Certain Trust Preferred
                                  Securities

PR Newswire

IONIA, Mich., Sept. 13, 2013

IONIA, Mich., Sept. 13, 2013 /PRNewswire/ -- Independent Bank Corporation
(NASDAQ: IBCP) (the "Company") announced today that IBC Capital Finance II
will pay a dividend on its issued and outstanding 8.25% trust preferred
securities (NASDAQ: IBCPO) on September 30, 2013. The amount of the dividend
is $9.65766 per security, payable to holders of record on September 27, 2013.
It includes all accrued and unpaid dividends from the fourth quarter of 2009
through the third quarter of 2013.

The payment of this dividend is preceded by the Company's announcement on Aug.
29, 2013 that it had brought current the interest payments that it had
previously been deferring on the Company's subordinated debentures issued to
IBC Capital Finance II (NASDAQ: IBCPO), IBC Capital Finance III, IBC Capital
Finance IV and Midwest Guaranty Trust I. It is also preceded by the Company's
announcement on Sept. 11, 2013 that all of the 8.25% trust preferred
securities (NASDAQ: IBCPO) will be redeemed on October 11, 2013.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding
company with total assets of approximately $2.1 billion. Founded as First
National Bank of Ionia in 1864, Independent Bank Corporation currently
operates a 71-branch network across Michigan's Lower Peninsula through one
state-chartered bank subsidiary. This subsidiary (Independent Bank) provides
a full range of financial services, including commercial banking, mortgage
lending, investments and title services. Independent Bank Corporation is
committed to providing exceptional personal service and value to its
customers, stockholders and the communities it serves.

For more information, please visit our Web site at: www.IndependentBank.com.

Any statements in this news release that are not historical facts are
forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995. Words such as "expect," "believe," "intend," "estimate,"
"project," "may" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are predicated on
management's beliefs and assumptions based on information known to Independent
Bank Corporation's management as of the date of this news release and do not
purport to speak as of any other date. Forward-looking statements include
descriptions of plans and objectives of Independent Bank Corporation's
management for future or past operations, products or services, and forecasts
of the Company's revenue, earnings or other measures of economic performance.
Such statements reflect the view of Independent Bank Corporation's management
as of this date with respect to future events and are not guarantees of future
performance, involve assumptions and are subject to substantial risks and
uncertainties, such as the changes in Independent Bank Corporation's plans,
objectives, expectations and intentions. Should one or more of these risks
materialize or should underlying beliefs or assumptions prove incorrect, the
Company's actual results could differ materially from those discussed. Factors
that could cause or contribute to such differences include the ability of
Independent Bank Corporation to meet the objectives of its capital plan, the
ability of Independent Bank to remain well-capitalized under federal
regulatory standards, the pace of economic recovery within Michigan and
beyond, changes in interest rates, changes in the accounting treatment of any
particular item, the results of regulatory examinations, changes in industries
where the Company has a concentration of loans, changes in the level of fee
income, changes in general economic conditions and related credit and market
conditions, and the impact of regulatory responses to any of the foregoing.
Forward-looking statements speak only as of the date they are made.
Independent Bank Corporation does not undertake to update forward-looking
statements to reflect facts, circumstances, assumptions or events that occur
after the date the forward-looking statements are made. For any
forward-looking statements made in this news release or in any documents,
Independent Bank Corporation claims the protection of the safe harbor for
forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995.

SOURCE Independent Bank Corporation

Website: http://www.independentbank.com
Contact: William B. (Brad) Kessel, President and CEO, 616.447.3933; Robert N.
Shuster, Chief Financial Officer, 616.522.1765