Michael M. Magee, Jr. net worth and biography

Michael Magee, Jr. Biography and Net Worth

Director of Independent Bank

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 Michael M. Magee, Jr.'s net worth?: The estimated net worth of Michael M. Magee, Jr. is at least $271,427.07 as of April 29th, 2025. Mr. Magee, Jr. owns 8,381 shares of Independent Bank stock worth more than $271,427 as of May 14th. This net worth evaluation does not reflect any other investments that Mr. Magee, Jr. may own. Learn More about Michael M. Magee, Jr.'s net worth.
How do I contact Michael M. Magee, Jr.?: The corporate mailing address for Mr. Magee, Jr. and other Independent Bank executives is 4200 E BELTLINE, GRAND RAPIDS MI, 49525. Independent Bank can also be reached via phone at (616) 527-5820 and via email at rshuster@ibcp.com. Learn More on Michael M. Magee, Jr.'s contact information.
Has Michael M. Magee, Jr. been buying or selling shares of Independent Bank?: Within the last three months, Michael M. Magee, Jr. has sold $198,524.00 in Independent Bank stock. Most recently, Michael M. Magee, Jr. sold 6,404 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $31.00, for a transaction totalling $198,524.00. Following the completion of the sale, the director now directly owns 8,381 shares of the company's stock, valued at $259,811. Learn More on Michael M. Magee, Jr.'s trading history.
Who are Independent Bank's active insiders?: Independent Bank's insider roster includes Dennis Archer, Jr. (Director), Terance Beia (Director), Patrick Ervin (EVP, Mortgage Banking Manager), Christina Keller (Director), Stefanie Kimball (EVP), Ronia Kruse (Director), Michael Magee, Jr. (Director), Gavin Mohr (EVP – Chief Financial Officer), and James Twarozynski (SVP). Learn More on Independent Bank's active insiders.
Are insiders buying or selling shares of Independent Bank?: In the last twelve months, Independent Bank insiders bought shares 2 times. They purchased a total of 1,075 shares worth more than $39,801.50. In the last twelve months, insiders at the financial services provider sold shares 5 times. They sold a total of 12,904 shares worth more than $375,595.00. The most recent insider tranaction occured on April, 29th when Director Michael M Magee Jr sold 6,404 shares worth more than $198,524.00. Insiders at Independent Bank own 5.7% of the company. Learn More about insider trades at Independent Bank.
Information on this page was last updated on 4/29/2025.

Michael M. Magee, Jr. Insider Trading History at Independent Bank

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
4/29/2025	Sell	6,404	$31.00	$198,524.00	8,381
5/13/2021	Sell	9,100	$22.96	$208,936.00	23,185
11/30/2018	Buy	3,892	$22.98	$89,438.16	23,885
9/6/2018	Sell	15,000	$24.80	$372,000.00	34,814
9/1/2016	Buy	6,082	$16.37	$99,562.34	37,682
6/18/2014	Sell	24,864	$12.91	$320,994.24
6/17/2014	Sell	9,113	$12.86	$117,193.18
6/16/2014	Sell	3,523	$12.90	$45,446.70
6/13/2014	Sell	7,500	$12.87	$96,525.00
6/12/2014	Sell	25,000	$12.88	$322,000.00
8/28/2013	Buy	1,290	$7.75	$9,997.50

Michael M. Magee, Jr. Buying and Selling Activity at Independent Bank

Independent Bank Company Overview

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

Today's Range

Now: $32.22

$32.13

$32.49

50 Day Range

MA: $30.55

$28.08

$32.48

2 Week Range

Now: $32.22

$22.53

$40.32

Volume

18,461 shs

Average Volume

107,729 shs

Market Capitalization

$667.63 million

P/E Ratio

10.20

Dividend Yield

3.26%

Beta

0.83