September 11, 2013 -- Independent Bank Corporation announced that IBC Capital Finance II will redeem all of its issued and outstanding 8.25% trust preferred securities on October 11, 2013. The aggregate principal amount of the outstanding trust preferred securities is $9.2 million. The trust preferred securities are currently callable at the option of the company. The redemption will be funded with net proceeds from its recently announced public offering of common stock. The redemption price is 100% of the liquidation amount of $25 per trust preferred security, together with accrued and unpaid distributions to the redemption date. ________________ 10/26/2009 -- The Company announced that effective Nov. 1, 2009, it has elected to defer regularly scheduled quarterly interest payments on its junior subordinated debentures (the "Debentures") and quarterly dividend payments on its Series A Preferred Stock (the "Preferred Stock"). The Debentures are owned by IBC Capital Finance II, III and IV and Midwest Guaranty Trust I (the "Trusts") and were funded by the Trusts' issuance of trust preferred securities ("Debt Securities"). The Preferred Stock was issued to the U.S. Treasury under the TARP CPP. The total estimated annual interest and dividends that would be payable on the Debentures (and the underlying Debt Securities) and the Preferred Stock, if not deferred, is approximately $9.0 million based on current interest rates. The terms of the Debentures and trust indentures (the "Indentures") allow for the Company to defer payment of interest on the Debt Securities at any time or from time to time for up to 20 consecutive quarters provided no event of default (as defined in the Indentures) has occurred and is continuing. The Company is not in default with respect to the Indentures, and the deferral of interest does not constitute an event of default under the Indentures. While the Company defers the payment of interest, it will continue to accrue the interest expense owed at the applicable interest rate. Upon the expiration of the deferral, all accrued and unpaid interest is due and payable.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  IBC Capital Finance II, 8.25% Cumulative Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Independent Bank Corp. (Nasdaq: IBCP) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 3/31/2008 at $25 per share plus accrued and unpaid dividends, maturing 3/31/2033, distributions of 8.25% ($2.0625) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date while the securities remain in global security form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 8.25% Junior Subordinated Deferrable Interest Debentures due 3/31/2033 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NGS Chart	8.25% $2.0625	$25.00 $25.00	Called for 10/11/2013 3/31/2033	NF NF 11/15/2013	Suspended! 3/31, 6/30, 9/30 & 12/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     http://www.independentbank.com/
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Email Address	info@ibcp.com
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Address and Phone Numbers

Address:   230 West Main Street, Ionia, MI 48846
Main Phone Number	616-527-9450
Fax Number	616-527-4004
Investor Contact (CFO)   Robert N. Shuster	616-522-1765
Toll Free Phone Number	888-300-3193

CEO - Michael M. Magee, Jr.

CFO - Robert N. Shuster