Financial Services >> CEO Interviews >> May 16, 2005
MICHAEL M. MAGEE is president and chief executive officer of Independent
Bank Corporation. Until his promotion in February 2004, Mr. Magee served
as president and CEO of Independent Bank, one of four subsidiaries
operated by Independent Bank Corporation. Mr. Magee began his career
with Independent Bank in 1987 as vice president of retail banking. In
1993, he was promoted to president and CEO of Independent Bank
Corporation's lead bank, Independent Bank. Over the next 10 years, the
subsidiary's assets grew from $140 million to $1.2 billion and earnings
grew from $2.4 million to just over $19.6 million. The number of banking
offices grew from eight to 35. Mr. Magee attended Northwood University
and earned degrees from the University of Wisconsin Graduate School of
Banking and the University of Arkansas Bank Executive Development
School. Prior to joining Independent Bank, Mr. Magee worked for
Commercial Bank in Greenville and Ludington Bank and Trust. Profile
Mr. Magee: Independent Bank Corporation is a Michigan-based bank holding
company with four subsidiary banks: Independent
