Independent Bank Corporation Announces Regulatory Approvals to Acquire HCB Financial Corp. and Highpoint Community Bank

Independent Bank Corporation (NASDAQ: IBCP) has received regulatory approvals from the Federal Reserve Bank of Chicago and Michigan Department of Insurance and Financial Services to acquire HCB Financial Corp., parent company of Highpoint Community Bank. HCB shareholders will vote on the merger on June 17, 2026, with the transaction expected to close on July 1, 2026. The deal combines IBCP's $5.5 billion in assets with HCB's $590 million in assets.