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

Independent Bank Corporation (NASDAQ: IBCP) announced it 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. The $590 million asset acquisition was previously announced on March 18, 2026, with shareholder vote scheduled for June 17, 2026, and expected closing on July 1, 2026.