Michael Magee Net Worth

The estimated Net Worth of Michael M Jr Magee is at least $2.05 Million dollars as of 13 May 2021. Mr. Magee owns over 9,100 units of Independent Bank (Ionia, MI) stock worth over $483,174 and over the last 21 years he sold IBCP stock worth over $1,483,095. In addition, he makes $81,750 as Independent Chairman of the Board at Independent Bank (Ionia, MI).

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Mr. Magee IBCP stock SEC Form 4 insiders trading

Michael has made over 13 trades of the Independent Bank (Ionia, MI) stock since 2004, according to the Form 4 filled with the SEC. Most recently he sold 9,100 units of IBCP stock worth $208,936 on 13 May 2021.

The largest trade he's ever made was exercising 47,827 units of Independent Bank (Ionia, MI) stock on 16 November 2004 worth over $572,967. On average, Michael trades about 993 units every 38 days since 2003. As of 13 May 2021 he still owns at least 14,785 units of Independent Bank (Ionia, MI) stock.

You can see the complete history of Mr. Magee stock trades at the bottom of the page.

Michael Magee biography

Michael M. Magee, Jr., is Independent Chairman of the Board of the Independent Bank Corporation. Mr. Magee is the Chairman of the Board of Directors. Prior to January 1, 2013, Mr. Magee was the Chief Executive Officer of the Company since January 1, 2005, Executive Vice President and Chief Operating Officer since 2004 and prior to that he served as President and Chief Executive Officer of Independent Bank since 1993. He became a director of the Company in 2005. Mr. Magee has over 33 years of service in the financial services industry and served as our Chief Executive Officer for 8 years. That position and those experiences make him a particularly important component of the Board, and his prior roles with the Company allow him to be particularly effective as Chairman of the Board.

What is the salary of Michael Magee?

As the Independent Chairman of the Board of Independent Bank (Ionia, MI), the total compensation of Michael Magee at Independent Bank (Ionia, MI) is $81,750. There are 9 executives at Independent Bank (Ionia, MI) getting paid more, with William Kessel having the highest compensation of $1,101,000.

How old is Michael Magee?

Michael Magee is 63, he's been the Independent Chairman of the Board of Independent Bank (Ionia, MI) since 2017. There are 3 older and 21 younger executives at Independent Bank (Ionia, MI). The oldest executive at Independent Bank Corporation (Ionia, MI) is Laurinda M. Neve, 69, who is the Sr. VP of HR.

What's Michael Magee's mailing address?

Michael's mailing address filed with the SEC is 4200 E BELTLINE, , GRAND RAPIDS, MI, 49525.

Insiders trading at Independent Bank (Ionia, MI)

Over the last 22 years, insiders at Independent Bank (Ionia, MI) have traded over $10,728,475 worth of Independent Bank (Ionia, MI) stock and bought 168,264 units worth $1,829,469 . The most active insiders traders include Stephen L Jr Gulis, Loan Charles C Van und Matthew J Missad. On average, Independent Bank (Ionia, MI) executives and independent directors trade stock every 27 days with the average trade being worth of $137,583. The most recent stock trade was executed by Stefanie M Kimball on 3 September 2024, trading 1,000 units of IBCP stock currently worth $34,220.

What does Independent Bank (Ionia, MI) do?

independent bank is a michigan-based bank that's been operated locally for more than 150 years. in 1864 we were founded as first national bank of ionia; we now have locations across the lower peninsula and we’re the fifth largest bank headquartered in michigan. but in one way we’ve never changed – people are always our first priority. we’re committed to providing exceptional service and value to our customers, our stockholders, and our communities. after 150 years of local banking, we understand the needs of individuals, families, and businesses around the state – and we’re committed to addressing them. we support local causes and our employees serve their communities’ human services agencies, arts and cultural organizations, school systems, places of worship, and more. we’re your friends and neighbors, locally invested the same way you are. we’re a full-service bank that provides a wide range of competitive banking products, services, and technology. visit us at independentbank.com fo

Complete history of Mr. Magee stock trades at Independent Bank (Ionia, MI)

Independent Bank (Ionia, MI) executives and stock owners

Independent Bank (Ionia, MI) executives and other stock owners filed with the SEC include:

• William Kessel,
  President, Chief Executive Officer, Director
• William Bradford Kessel CPA, CPA,
  Pres, CEO & Director
• William Bradford Kessel CPA,
  Pres, CEO & Director
• Stefanie Kimball,
  Executive Vice President, Chief Risk Officer
• Stefanie M. Kimball,
  Exec. VP & Chief Risk Officer
• Patrick Ervin,
  Executive Vice President - Mortgage Banking
• Patrick J. Ervin,
  Exec. VP of Mortgage Banking
• Joel F. Rahn,
  Exec. VP of Commercial Lending & Chief Lending Officer
• Gavin A. Mohr,
  CFO, Exec. VP, Treasurer & Corp. Sec.
• Michael Magee,
  Independent Chairman of the Board
• Stephen Gulis,
  Independent Director
• Joan Budden,
  Independent Director
• William Boer,
  Lead Independent Director
• Matthew Missad,
  Independent Director
• Christina Keller,
  Independent Director
• Michael Cok,
  Independent Director
• Terrance Beia,
  Independent Director
• Ronia Kruse,
  Director
• Dennis Archer,
  Director
• James Twarozynski,
  Senior Vice President, Controller
• Joel Rahn,
  Executive Vice President, Chief Lending Officer
• Larry Daniel,
  Executive Vice President - Operations and Digital Banking
• Gavin Mohr,
  Chief Financial Officer, Executive Vice President, Treasurer, Secretary,
• Mark Olsen,
  VP & Mortgage Sales Mang.
• Keith J. Lightbody,
  Sr. Officer of Independent Bank
• James J. Twarozynski,
  Sr. VP & Controller
• Laurinda M. Neve,
  Sr. VP of HR
• Peter R. Graves,
  Chief Information Officer & Sr. VP of Commercial Loans
• Larry Russ Daniel Jr.,
  Exec. VP of Operations & Digital Banking
• Mark L Collins,
  Sr. Vice President
• David C Reglin,
  President and CEO of Affiliate
• Richard E/ Butler,
  Senior Vice President
• James E Mccarty,
  Director
• Peter R Graves,
  Senior Vice President
• Dennis J Mack,
  Executive Vice President
• Terry L Haske,
  Director
• Edward B Swanson,
  President & CEO of Affil. Bank
• Arch V Jr Wright,
  Director
• Dean M Morse,
  Senior Vice President
• Laurinda M Neve,
  Senior Vice President
• Ronald L Long,
  President & CEO of Affiliate B
• Shelby L Reno,
  Senior Vice President
• Loan Charles C Van,
  President and CEO
• Charles A Palmer,
  Director
• Robert L Hetzler,
  Director
• Jeffrey A Bratsburg,
  Director
• Donna J Banks,
  Director
• Robert N Shuster,
  Executive Vice President
• Stephen A. Erickson,
  Executive Vice President & CFO
• Terance L Beia,
  Director
• Kristopher Kreter,
  First Vice Pres. & Controller