Michael M. Magee Jr. served as the President and CEO of Independent Bank Corporation from January 1, 2005, until his retirement at the end of 2012. He has a solid background in finance and a long history with the company,...

Michael M. Magee Jr. served as the President and CEO of Independent Bank Corporation from January 1, 2005, until his retirement at the end of 2012. He has a solid background in finance and a long history with the company, having worked for over 33 years in the financial services industry. Notably, during his tenure, he managed the bank's exit from TARP obligations, which helped improve its financial standing. In 2018, he almost earned over a million in compensation, primarily from a bonus based on performance metrics. Even as CEO, he was also appointed Executive Chairman in 2013, focusing on governance and succession planning. His insider trading data shows a cautious but steady involvement in the company's stock, generally fluctuating around the mid-six figures in value over a few years. His experience and strategic roles during crucial times show that he has not just led but also shaped the bank's approach to challenges in the financial world. He has a reputation for aligning executive incentives with shareholder interests, which is essential for a company’s growth and stability.