Independent Bank to redeem all 5.75% fixed-to-floating notes due 2026

By Rebecca Melvin

Concord, N.H., June 15 – Independent Bank Corp. intends to redeem all of its $40 million principal amount outstanding of 5.75% fixed-to-floating rate subordinated notes due July 20, 2026, according to an 8-K filed with the Securities and Exchange Commission.

The notes will be repurchased at par plus accrued interest.

Trustee Wells Fargo Bank NA delivered a notice of redemption to holders on behalf of the bank.

Independent Bank is based in Ionia, Mich.

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