Independent Bank, TCSB Receive Regulatory Approval for Merger

Michigan-based Independent Bank and TCSB Bancorp received regulatory approval for their merger from the Federal Reserve Bank of Chicago and the Michigan Department of Insurance and Financial Services.

Independent Bank to Acquire Traverse City State Bank

Independent Bank signed a definitive merger agreement to acquire TCSB Bancorp, the parent company of Traverse City State Bank. Both boards of directors unanimously approved the agreement.