Online Banking

7-21-2016

Greening Joins Isabella Bank

Jerome E. Schwind, President of Isabella Bank, is pleased to welcome Kathryn “Kathy” Greening, Mortgage Loan Officer for the Breckenridge area. In her position, Kathy will focus on identifying, developing, and strengthening relationships for growth in mortgage lending; while also increasing product awareness in the Gratiot County area.
Greening has been in the banking industry for 30 years with 25 years in mortgage lending.  Kathy holds an Associate Degree in Business Administration from Delta College and has attended Davenport University.

Volunteer work is very important to Kathy.  She has been very active in the Gratiot County Habitat for Humanity as a committee member for Family Selection, United Way as a board member, the Exchange Club of Gratiot County, the Women’s Resource Center, the Court Appointed Special Advocate (CASA) Program as a volunteer, and is also a member of the Elks Club of Alma.  In addition to volunteering, Kathy enjoys doing yoga, kayaking, and biking.  She lives in the Midland area.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.36 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.” To learn more, visit www.isabellabank.com.
 

6-24-2016

Rousse Joins Isabella Bank

Jerome E. Schwind, President of Isabella Bank, is pleased to welcome Tim Rousse, Mortgage Loan Officer for the Saginaw area. In his position, Tim will focus on identifying, developing, and strengthening relationships for growth in mortgage lending; while also increasing product awareness in the Saginaw area.
Rousse has been a loan officer since 1999 and has 13 years of experience in Mortgage banking. Tim attended Orange Coast College and has been in the financial services industry for 28 years.  He holds a series 6 and 63 license as a certified financial advisor.

Tim is very involved in Saginaw Valley State University’s (SVSU) softball.  He previously held the head coach position for SVSU and took his team to the College World Series which was the only appearance in the school’s history.  Tim is an active volunteer at St. Catherine of Siena Church.  He and his wife, Jodi, live in Bay City.  They have two daughters; Mackenzie and Meredith.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.36 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.” To learn more, visit www.isabellabank.com.
 

6-03-2016

Braddock Joins Isabella Bank

Jerome E. Schwind, President of Isabella Bank, is pleased to welcome Sheilda Braddock, Community Development Liaison. In her position, Sheilda will focus on strengthening the bank’s relationships and increase product awareness for the Saginaw area residents.

Braddock received her Bachelor of Arts degree in Social Work from Saginaw Valley State University (SVSU) and has 25 years of experience with non-profit administration along with 4 years of private philanthropic administration.  Sheilda is also certified in non-profit management through the Office of Continuing Education and Professional Development at SVSU.  

During her career, Sheilda has been very involved in the community.  She currently is a member of the Board of Directors for the SVSU Foundation and the Luther Social Services of Michigan Foundation. She serves on the grant review committee for YWCA – Great Lakes Bay Region and the community improvement initiative committee for Saginaw Community Foundation. Because of her involvement, she has received the YWCA Great Lakes Bay Region Lifetime Achievement award, The Kenneth E. Untener Cup and the Great Women of the Great Lakes Bay Region.  Sheilda lives in the city of Saginaw and has three children and four grandchildren.

 Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX: ISBA). Isabella Bank Corporation has $2.37 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.” To learn more, visit www.isabellabank.com.

 

6-01-2016

ISBA Announces Second Quarter 2016 Dividend

Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation declared a second quarter cash dividend of $0.24 per common share at its regular meeting held on May 25, 2016.  The dividend will be payable on June 30, 2016 to shareholders of record as of June 27, 2016.  The closing stock price for ISBA on May 31, 2016 was $28.00.  Based on the Corporation's average stock price of $27.83 for the month of May 2016, the annualized cash dividend yield was 3.45%.

“I am pleased to announce our second quarter cash dividend which represents a 4.35% increase over the cash dividend paid for the second quarter of 2015.  We are committed to providing shareholder value which has been evidenced by our 34 consecutive years of dividend growth” commented Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation.

Headquartered in Mt. Pleasant, Michigan, Isabella Bank Corporation is the bank holding company for Isabella Bank.  Founded in 1903 with a focus on community banking, Isabella Bank operates 29 banking offices in seven counties including Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”   The Corporation's market maker is Boenning & Scattergood, Inc. (www.boenninginc.com).

Forward-Looking Statements
This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

 

5-05-2016

Isabella Bank Relocates Race and Promotes France-Dice

Jerome E. Schwind, President of Isabella Bank, is pleased to announce a relocation for Melissa Race to the Branch Manager position at the Weidman office and the promotion of Anna France-Dice to the Branch Manager position for the Bank’s second location in Midland at 210 S. Saginaw Road.

Melissa Race
Race is responsible for providing direction and supervision of the day-to-day operations at the Weidman office.  She joined Isabella Bank in 2007 and has extensive knowledge of the Bank’s branch operations.  She attended Isabella Bank’s internal training program – Isabella University and graduated from the Dale Carnegie Team Development Program. Melissa has also served as a coach for the Dale Carnegie Leadership Program and received the 2013 Izzy Award from Isabella Bank recognizing her commitment to exceptional customer service.  Melissa and her husband, Andrew, live in the Mt. Pleasant area.

Anna France-Dice
France-Dice was promoted to Branch manager, replacing Melissa Race who relocated to Weidman.  She will manage the everyday operations overseeing and directing the staff at the branch on S. Saginaw Road.  Anna joined Isabella Bank in 2014 and has 2½ years banking experience with deposit accounts, loan processing, and in customer service.  She is currently a member of Isabella Bank’s internal training program – Isabella University.  Community involvement and development is very important to Anna.  She volunteers with Northwood University, Midland Chamber of Commerce, Midland Salvation Army, American Cancer Society, Junior Achievement, and Habitat for Humanity.   She is a member of the Midland Area Chamber of Commerce and the Center City Authority Marketing team.   Anna lives in Midland with her family including three children: Lilli (9), Lia (7) and Henry (5).

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX: ISBA). Isabella Bank Corporation has $2.37 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.” To learn more, visit www.isabellabank.com.

 

4-28-2016

ISBA Anounces First Quarter 2016 Earnings

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQX:ISBA), announced the Corporation's first quarter 2016 earnings results.

The Corporation's first quarter 2016 net income was $3.02 million, with earnings per common share of $0.39.  As of March 31, 2016, total assets increased to $1.68 billion and assets under management grew to $2.37 billion - which includes loans sold and serviced, and assets managed by the Corporation's Investment and Trust Services Department of $690.84 million. During the quarter, the Corporation paid a $0.24 per common share cash dividend which represented a 4.35% increase over the per common share cash dividend for the first quarter of 2015. Based on the Corporation's average stock price of $27.75 for the month of March 2016, the annualized cash dividend yield was 3.46%.

During the first three months of 2016, interest income increased by $328,000 in comparison to the same period in 2015.  Net income for the same period of 2016 declined in comparison to 2015 as a result of growth in the loan portfolio which contributed to an increase in the provision for loan losses.  For the three month period ended March 31, 2016, the provision for loan losses was $156,000.  Net loans charged-off during the first three months of 2016 were $56,000 as compared to net loan recoveries of $226,000 in the first three months of 2015.  During the first quarter of 2015, the Corporation began to see a significant improvement in loan credit quality indicators through low levels of loans classified as less than satisfactory in addition to those considered to be nonperforming.  This improvement along with net recoveries and a reduction in gross loans, resulted in a reversal of provision for loan losses of $726,000 for the three month period ended March 31, 2015.

The Corporation's total loan portfolio at March 31, 2016 increased by $19.80 million from December 31, 2015 which was largely driven by growth in the commercial loan portfolio.  Growth in the residential mortgage and consumer loan portfolios continues to be challenging. However, the Corporation is implementing new strategies and improving the overall process related to residential mortgage loans which is expected to lead to increased volume.  In the second quarter of 2016, the Corporation will be streamlining delivery channels for direct and indirect loans in order to attract new customers and generate growth in the consumer loan portfolio.

The Corporation's net yield on interest earning assets remained historically low at 2.98% for the three month period ended March 31, 2016.  With no anticipated increases in short term interest rates by the Federal Reserve Bank, no significant improvements in the net yield on interest earning assets are expected in the short term.  Growth in net interest income will increase only through continued growth in loans, investments, and other income earning assets.  The Corporation is committed to increasing earnings and dedicated to providing long term sustainable growth to enable us to increase shareholder value.

The Corporation's dedication to its customers and their communities was recently recognized by the Michigan Bankers Association.  Isabella Bank, the Corporation's banking subsidiary, was awarded the Michigan Bankers Association Financial Literacy Award for the fifth consecutive year.

For further information regarding Isabella Bank Corporation, please visit the website at www.isabellabank.com and click on the Investors Tab.

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.
 

4-15-2016

Isabella Bank Promotes Ross and Welcomes Brick

Jerome E. Schwind, President of Isabella Bank, is pleased to announce the promotion of Erika Ross to Vice President of Operations and welcome Jenn Brick, Assistant Vice President Director of Marketing.

Erika Ross          
In her new position, Erika is responsible for overall coordination and management of select Bank operations and functions.  She will also be establishing and overseeing new initiatives for Isabella Bank.  Ross is a Central Michigan University (CMU) graduate with a Bachelor of Science degree in Business Administration - Finance.  She has also completed Graduate School of Banking at the University of Wisconsin, Dale Carnegie Executive Leadership and Team Development Programs, and the Mt. Pleasant Chamber of Commerce Rollie Denison Leadership Program.

Ross joined the Bank in 2005 and has 15 years of experience in the banking industry.  Erika is an active community member who volunteers for the Mt. Pleasant Area Community Foundation Scholarship Committee, Junior Achievement, Ganiard Elementary PTO and a coach for Odyssey of the Mind.  She and her husband, Brian, live in the Mt. Pleasant area with their two sons; Wyatt and Ben.

Jenn Brick
Jenn, as Marketing Director, will be responsible for managing the marketing and public relations functions for the Bank.  Her focus will be brand and product positioning for Isabella Bank within the Bank’s footprint.  She holds a Bachelor of Science degree in Management and Marketing.  She also has a Master’s in Business Administration from Northwood University.  She is also a graduate from the 2015 Chamber of Commerce Leadership Midland.

Brick has over 14 years in the banking industry with 10 years being focused in marketing.  She believes in being involved in the community and is treasurer for Bullock Creek Youth Football, a member of the Leadership Midland Steering Committee, Midland County 4-H and the Midland Community Foundation’s scholarship selection.  She and her husband, Todd, live in Midland with their son Haden.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX: ISBA). Isabella Bank Corporation has $2.36 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.” To learn more, visit www.isabellabank.com.
 

3-24-2016

Isabella Bank Promotes Anna to Assistant Vice President of Core Systems

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQX:ISBA), is pleased to announce Shana Anna’s promotion to Assistant Vice President (AVP), Core Systems.  In her new role, Shana will be responsible for day-to-day operations related to Core and Complimentary products including new hardware/software implementations, maintenance, and support as well as oversee the mail room processes.

Shana joined Isabella Bank in the Information Technology (IT) Department in 2005 and has 18 years of IT experience. 

She has an Associate Degree in Data Processing from Montcalm Community College.  Shana has a Supervisor’s Certification from the American Bankers Association and the Fred Pryor Seminars Program. She is a graduate from the Dale Carnegie Team Development Program.  Shana holds a certificate in Risk and Information Systems Control (CRISC) which focuses on: risk identification, assessment and evaluation, risk response, risk monitoring, Information Systems (IS) control design and implementation and IS control monitoring and maintenance.
Shana resides in Ithaca with her husband, Jeff.  They have four children: Emilee (Trento) Barnes, Karlene (Trevor) Rench, David and Julie. 

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com. Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.” The Corporation's market maker is Boenning & Scattergood, Inc. (www.boenninginc.com).
 

3-17-2016

Isabella Bank Promotes Shelley Hobbs to Vice President

Jerome E. Schwind, President of Isabella Bank, is pleased to announce the promotion of Shelley Hobbs to Vice President.  In her new role, Shelley will be responsible for the day-to-day management and community development for the Midland and Saginaw offices.

Shelley joined Isabella Bank in 2010.  She has 36 years of banking experience in the Great Lakes Bay Region with 31 years in retail banking and 5 years in Wealth management as a Private Banker. Shelley earned her Bachelor of Arts degree from Northwood University and is a graduate of the Dale Carnegie Team Development and High Impact Leadership programs and the Midland Chamber of Commerce Leadership Program.  She received the 2015 Member of the Year award from the Home Builders Association and Outstanding Member for the first quarter in 2016 for the Midland Area Chamber of Commerce.

In addition to her professional achievements, Shelley has a passion for serving her community. She is a board member for the Chamber of Commerce Governmental Issues and is also an Ambassador.  She also volunteers as a board member for the Midland Area Homes/Housing Assistance Center and for the Affordable Housing Alliance of Midland County.  She serves on several committees:  Midland’s Open Door, the local Soup Kitchen, and as a panel advisor for United Way of Midland County.  Shelley is an active participant in the Leadership Midland Alumni Association and an active member at her parish, Blessed Sacrament in Midland.

Shelley resides in Midland with her husband, Brad, of 33 years.  They have two grown sons: Aaron and Cody.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.36 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.” To learn more, visit www.isabellabank.com.
 

3-17-2016

Isabella Bank Promotes Mease to Vice President, Investment and Trust

Jerome E. Schwind, President of Isabella Bank, is pleased to announce the promotion of Michelle Mease to Vice President, Investment and Trust.  Michelle is responsible for trust and estate administration, investment management and business development.
 
Michelle graduated from Central Michigan University with her Bachelor of Science Degree in Business Administration, with a major in Personal Financial Planning.  She continued her education at Cannon Financial Institute to obtain her designation as a Certified Trust and Financial Advisor.

Michelle began her career with Isabella Bank in 1994 as a financial professional.  She has worked in Investment and Trust Services since 2000 and previously worked in the bank as a Financial Advisor holding the Series 7 and 63 securities licenses.  She is a graduate from the Mt. Pleasant Chamber of Commerce Rollie Denison Leadership Institute and is a graduate of the Dale Carnegie’s Team Development, High Impact Presentations, and High Impact Leadership programs.  She is a member and serves on the board of the Northeastern Michigan Estate Planning Council.

Michelle and her husband, Patrick, reside in the Mt. Pleasant area with their children, Grace and Sam.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.36 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.” To learn more, visit www.isabellabank.com


3-17-2016

Isabella Bank Promotes Don Forster to Vice President

Jerome E. Schwind, Jerome E. Schwind, President of Isabella Bank, is pleased to announce the promotion of Don Forster to Vice President, Collections.  Don is responsible for the Special Asset Division with a primary focus on managing the Bank’s commercial portfolio.

Don began his career at Isabella Bank in 1985.  He has his Bachelor’s degree from Michigan State University (MSU).  He has worked in the banking industry over 38 years with 30 of those years at Isabella Bank.  Don is a graduate of the Dale Carnegies Team Development Program.

In addition to his professional achievements, Don has volunteered for several community churches and other local organizations including the Historic Commission in Owosso.  He and his wife of 34 years, Joni, have two grown children.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.36 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.” To learn more, visit www.isabellabank.com.
 

2-26-2016

ISBA Announces First Quarter 2016 Dividend

Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation declared a first quarter cash dividend of $0.24 per common share at its regular meeting held on February 24, 2016.  The dividend will be payable on March 31, 2016 to shareholders of record as of March 26, 2016.  The closing stock price for ISBA on February 24, 2016 was $27.70.

“I am pleased to announce our first quarter dividend for 2016 which represents a 4.35% increase over the cash dividend from the first quarter of 2015,” commented Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation.

Headquartered in Mt. Pleasant, Michigan, Isabella Bank Corporation is the bank holding company for Isabella Bank.  Founded in 1903 with a focus on community banking, Isabella Bank operates 29 banking offices in seven counties including Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”  The Corporation's market maker is Boenning & Scattergood, Inc. (www.boenninginc.com).

Forward-Looking Statements
This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

2-19-2016

Isabella Bank Corporation Named to 2016 OTCQX Best 50

Isabella Bank Corporation (OTCQX: ISBA) is pleased to announce it has been named to the 2016 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market.  The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year.  Companies in the 2016 OTCQX Best 50 were ranked based on their performance in 2015.

“We are honored to be recognized as one of the 2016 OTCQX Best 50,” stated Jae Evans, CEO of Isabella Bank Corporation.  “Our strong financial success in 2015 reflects our commitment to increasing shareholder value while remaining committed to our core values and community-focused culture.”

For the complete 2016 OTCQX Best 50 ranking, visit http://www.otcmarkets.com/content/doc/2016-OTCQX-Best-50.pdf.

The OTCQX Best Market offers the best informed and most efficient trading for established, investor-focused U.S. and international companies.  To qualify for OTCQX, companies must meet high financial standards, demonstrate compliance with U.S. securities laws, be current in their disclosure and be sponsored by a professional third-party advisor.  OTCQX companies are distinguished by the excellence of their operations and diligence with which they convey their qualifications.

Isabella Bank Corporation
Isabella Bank Corporation is the parent company of Isabella Bank, which operates 29 banking offices throughout seven Mid-Michigan counties. Founded in 1903, the Bank provides deposit, loan, investment, trust, and electronic banking services to consumer and business customers. Isabella Bank has earned a five-star rating from Bauer Financial, Inc. and the Corporation has been recognized as a Top100 Workplace by the Detroit Free Press. The Corporation is committed to increasing shareholder value as evidenced by their history of 34 consecutive years of increased dividends. To learn more, visit any of their 29 convenient locations or www.isabellabank.com.
 

2-08-2016

ISBA Announces 2015 Earning

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQX:ISBA), announced the Corporation's 2015 earnings today which included record net income and earnings per common share.

The Corporation's net income and earnings per common share for the year ended December 31, 2015 were $15.13 million and $1.95, compared to $13.72 million and $1.77 for the year ended December 31, 2014.  During the fourth quarter, the Corporation paid a $0.24 per common share cash dividend which represented a 4.35% increase over the per common share cash dividend for the fourth quarter of 2014.  Cash dividends per common share totaled $0.94 in 2015 and $0.89 in 2014, continuing the Corporation's 34 consecutive years of dividend growth.  Based on the Corporation's average stock price of $27.32 for the month of December 2015, the annualized cash dividend yield was 3.44%.

During 2015, total assets grew by 7.65% to $1.67 billion and assets under management - which includes loans sold and serviced, and assets managed by the Corporation's Investment and Trust Services Department of $692.14 million - grew to $2.36 billion.  Contributing to the Corporation's growth were increases in the commercial and agricultural loan portfolios of $26.30 million as well as $92.60 million in the available-for-sale securities portfolio.  Balance sheet growth will continue to be the Corporation's focus to increase net interest income.

The growth in earnings during 2015 was primarily attributable to increased net interest income and improvements in credit quality.  During 2015, the Corporation realized net loan recoveries of $71,000, compared to net loan charge-offs of $732,000 in 2014.  Total loans past due as a percent of gross loans declined to 0.56% as of December 31, 2015 when compared to 1.09% as of December 31, 2014.  Additionally, loans classified as less than satisfactory declined significantly during 2015.  These factors resulted in a reduction in the level of the allowance for loan losses in both amount and as a percentage of gross loans.  As a result, the reversal of provision for loan losses were $2.77 million during the year ended December 31, 2015.

The Corporation recently participated in the OTCQX Banks Virtual Investor Conference, an event that features live webcast presentations by senior management of U.S. community banks that trade on the OTCQX Banks marketplace.  An on-demand replay of the presentation can be viewed by visiting the OTC Markets website (www.otcmarkets.com).

For further information regarding Isabella Bank Corporation, please visit the website at www.isabellabank.com and click on the Investors Tab.

Forward-Looking Statements
This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.
 

1-28-2016

Isabella Bank Promotes Young and Eling

Keith Kenney, President of Isabella Bank - Mecosta, is pleased to announce the promotions of Debbie Young to Assistant Vice President, Remus office and Josh Eling to Vice President, Big Rapids Office.

Debbie Young
Debbie’s main responsibilities include serving Remus and the surrounding communities with their banking needs and overseeing the branch daily operations.  She is also instrumental in working with the Bank’s indirect lending efforts throughout Mecosta County.

Young joined the Isabella Bank team in 1999.  She has 17 years of banking experience.  She is a graduate of Leadership Mecosta, Isabella Bank’s internal Leadership class, the Dale Carnegie’s Team Development and Sales and Service Excellence Programs.  Deb received her Branch Manager certification through Michigan Bankers Association (MBA) in 2009.

Currently, Debbie volunteers as chair of the Remus Downtown Development Association and treasurer for Remus Heritage Days.  She and her husband, Art, live in Remus.  They have three grown children; Josh, Nichole and Matt along with two grandchildren; Natali and Keegan.

Josh Eling
Josh’s primary responsibilities include servicing and enhancing customer relationships with businesses in the Mecosta Region with an emphasis on commercial lending.

Eling began his career with Isabella Bank in 2009.  He has a Bachelor’s degree in Accounting from Central Michigan University (CMU) and a Master’s in Business Administration from Ferris State University (FSU).  He has worked in the banking industry for 12 years with 6 of those years in commercial lending.  Josh is also a graduate of the Robert M. Perry School of Banking, Dale Carnegie’s Team Development and the High Impact Leadership Development Programs.  Josh serves as an adjunct faculty member at FSU.

In addition to his professional achievements, Josh has a passion for serving his community. He volunteers for the Rotary Club of Big Rapids, Executive Board for Mecosta County Area Chamber of Commerce, and coaches Little League, AAU Basketball, and Upward Basketball.  Josh and his wife, Christie, live in Big Rapids.  They have two children, Emma and Parker.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.30 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top Workplaces.” To learn more, visit www.isabellabank.com.

 

1-22-2016

Isabella Bank Promotes Olivieri to Community Relations Officer

Jerome E. Schwind, President of Isabella Bank, is pleased to announce the promotion of Mary Olivieri to Community Relations Officer.

As the Community Relations Officer, Mary is responsible for overseeing the Bank’s annual donations, community sponsorships, and financial literacy programs. Olivieri earned her bachelor’s degree from Central Michigan University (CMU) and joined Isabella Bank in 2000.  She is a graduate of Dale Carnegie’s Team Development Program, as well as Mt. Pleasant Chamber of Commerce’s Rollie Denison Leadership Program. 

During her fifteen years with Isabella Bank, Mary has served on a number of different committees and volunteered for several different organizations.  She currently assists Art Reach, Women’s Aid Services, Central Michigan Pregnancy Services, and the Goodrow Fund with their annual fundraisers.   In addition, she is a member of the Mid-Michigan Quilters Guild and Sacred Heart Church.  Mary and her husband, Todd, live in Mt. Pleasant.  They have three grown children and three grandchildren. 

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.30 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.” To learn more, visit www.isabellabank.com.
 

1-15-2016

Isabella Bank Promotes Welsh to Pickard Branch Officer

Jerome E. Schwind, President of Isabella Bank, is pleased to announce the promotion of Mary Welsh to Branch Officer, Pickard Office.  As the Branch Officer, Mary is responsible for overseeing the Pickard branch operations and servicing their consumer lending needs.

Welsh has 32 years of banking experience.  She is a graduate of Dale Carnegie’s Team Development Program and Isabella Bank’s leadership training.  She also received several internal customer service awards including the Isabella Bank Izzy and Team of the Year Awards.

Volunteer work is important to Mary.  She is an active member of the Leaton United Methodist Church and enjoys helping with the Leaton Church’s basketball program, coaching girls softball in the summer, and volunteering at the Bank sponsored community events.  Mary has four children and four grandchildren.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA). Isabella Bank Corporation has $2.30 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.” To learn more, visit www.isabellabank.com.

12-07-2015

Isabella Bank Promotes Race to Branch Manager

Steven D. Pung, President of Isabella Bank, is pleased to announce the promotion of Melissa Race to Branch Manager of the Bank’s second location in Midland. She is responsible for providing direction and supervision of the day-to-day operations.

Race joined Isabella Bank in 2007 and has extensive knowledge of the Bank’s branch operations.  She attended Isabella Bank’s internal training program – Isabella University and graduated from the Dale Carnegie Team Development Program. Melissa has also served as a coach for the Dale Carnegie Leadership Program and received the 2013 Izzy Award from Isabella Bank recognizing her commitment to exceptional customer service.  Melissa and her husband, Andrew, live in the Mt. Pleasant area. 

You are invited to join Melissa and her staff at a “Meet the Team” event on Tuesday, December 15th from 11:00 a.m. – 2:00 p.m.  The office is located at 210 South Saginaw Road in Midland.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX: ISBA). Isabella Bank Corporation has $2.30 billion in assets under management and more than 400 employees. For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.” To learn more, visit www.isabellabank.com.

 

11-25-2015

Walker Joins Isabella Bank

Steven D. Pung, President of Isabella Bank, is pleased to announce the addition of Karla Walker as Vice President and Mortgage Sales Manager.  In her new role, she will work directly with the Bank’s lenders to grow the residential mortgage portfolio.

Karla came to Isabella Bank with 28 years in mortgage sales and management experience.  She received her Bachelor’s degree from Ferris State University.  Throughout her career, Karla has attended many leadership programs and received many awards recognizing her accomplishments.

In addition to being a banker, Karla is an active volunteer.  While in the Grand Rapids area, she was involved in the Fair Housing Advisory Board, Junior Achievement, Land Bank in Kent County, Habitat House Building, Inner City Christian Foundation (ICCF), and she served as a volunteer for Habitat for Humanities.  Karla and her husband, Gene, live in the Mecosta area and have two grown children.  Karla is glad to be back working in the area where she was raised and family resides.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX:ISBA).  Isabella Bank Corporation has $2.30 billion in assets under management and more than 400 employees.  For the past three years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.”  To learn more, visit www.isabellabank.com.

 

11-20-2015

ISBA Announces Fourth Quarter 2015 Dividend

Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation declared a fourth quarter cash dividend of $0.24 per common share – a 4.35% increase from the fourth quarter 2014 – at its regular meeting held on November 18, 2015.  The dividend will be payable on December 31, 2015 to shareholders of record as of December 24, 2015.  The closing stock price for ISBA on November 18, 2015 was $26.40.

“I am pleased to announce our fourth quarter dividend marks 34 consecutive years of dividend growth for our shareholders.  Our strong financial success has been the major driver of this increase.  We continue to focus on growth and providing shareholder value while remaining committed to our core values and community-focused culture,” commented Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation.

Headquartered in Mt. Pleasant, Michigan, Isabella Bank Corporation is the bank holding company for Isabella Bank.  Founded in 1903 with a focus on community banking, Isabella Bank operates 29 banking offices in 7 counties including Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”   The Corporation's market maker is Boenning & Scattergood, Inc. (www.boenninginc.com).

Forward-Looking Statements
This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

 

11-16-2015

Seppala to Succeed Russo in Greenville Division

Steven D. Pung, President of Isabella Bank, announced the appointment of David Seppala to the Greenville Division President position effective December 5, 2015 following the retirement of Richard Russo.  In his new role, Dave will be responsible for the day-to-day management and community development for the Greenville, Six Lakes, and Stanton offices.

Dave joined Isabella Bank in 2009 and has 31 years of combined banking experience. He earned his undergraduate degree from Central Michigan University (CMU) and attended the University of Wisconsin’s Graduate School of Banking and the Dale Carnegie Executive Development Program. He is also a past recipient of the Small Business Administration (SBA) 504 Lender of the Year award from the Economic Development Foundation in Grand Rapids.

In addition to his professional achievements, Dave volunteers his time to serve the community.  He is the current treasurer and a board member for the United Way of Montcalm and Ionia Counties. In addition, he has also served in leadership roles for the United Way of Muskegon, Manistee Downtown Development Authority, Lakeshore 504 Board of Directors, Risk Management Association of West Michigan, and Junior Achievement. He and his wife, Michelle, live with their family in Greenville.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX: ISBA).  Isabella Bank Corporation has $2.30 billion in assets under management and more than 400 employees.  For the past two years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.”  To learn more, visit www.isabellabank.com.

 

11-16-2015

Russo Retires from Isabella Bank

Steven D. Pung, President of Isabella Bank, announced today that Richard Russo is retiring as Greenville Division President effective December 4, 2015.  Dave Seppala, currently Isabella Bank’s Vice President and Senior Lender in the Greenville Division, will succeed Russo as Division President.

Rich began his banking career in Wisconsin before moving to Michigan 26 years ago.  He received his undergraduate degree from Ripon College and his master’s degree from The George Washington University.  Rich is also a graduate of the Dale Carnegie Leadership Program and the Graduate School of Banking at the University of Wisconsin-Madison.   Throughout his 35 year banking career, Rich has held progressive leadership roles, the last 4 years of which were as president of the Greenville Division of Isabella Bank.

Pung commented, “In addition to serving as the president of our Greenville Division, Rich has also been a member of our strategic planning committee where he has been instrumental in leading our teams to improve customer experience and position our Bank for future success. We have been fortunate to have Rich share his extensive banking background and leadership experience with us.”

In addition to being a banker, Rich is an active volunteer in the community.  He currently serves as a director of the Ripon College Alumni Board and the treasurer and director for the Greenville Chamber of Commerce.  Rich is a member of the Greenville Rotary and Coalition of Greater Greenville. Throughout his career, he also served many other organizations including the Grand Rapids Kentwood Rotary, Caledonia Kiwanis, and Ionia Community Foundation.  Rich and his wife, Kathy of 34 years, live in Grand Rapids and have three grown children.  They plan to continue to volunteer in their community, spend more time with family, and travel throughout the U.S. and abroad.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX: ISBA).  Isabella Bank Corporation has $2.30 billion in assets under management and more than 400 employees.  For the past two years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.”  To learn more, visit www.isabellabank.com.

 

11-10-2015

Tudor Joins Isabella Bank Corporation

Jae Evans, Chief Executive Officer of Isabella Bank Corporation (ISBA), is pleased to announce the addition of Rhonda Tudor as Vice President and Controller.  In her new role, Rhonda’s primary area of responsibility will be overseeing the daily operations of the accounting department.

Tudor joins Isabella Bank Corporation with over 20 years banking experience, primarily with regional banks where she most recently held both Commercial and Branch Segment Controller positions.  Rhonda’s education includes a Bachelor of Science degree from Northwood University and a Master’s degree from Eastern Michigan University in Business Administration.  She is also a Certified Public Accountant (CPA).

Before joining Isabella Bank Corporation, Rhonda participated in numerous volunteer roles.  She will be relocating to the Mt. Pleasant area and looks forward to opportunities to serve her new community.

Based in Mt. Pleasant, Michigan,   Isabella Bank Corporation is the bank holding company for Isabella Bank.  Founded in 1903 with a focus on community banking, Isabella Bank operates 29 banking offices in seven counties including Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”   The Corporation's market maker is Boenning & Scattergood, Inc. (www.boenninginc.com).


11-10-2015

Isabella Bank Promotes Wheeler

Steven D. Pung, President of Isabella Bank, announced the promotion of Peggy Wheeler to Senior Vice President of Operations.  In her new role, Peggy will be responsible for providing direction and supervision of various Bank operations which is critical for the Bank with the ever changing operations environment.  She is also a member of various risk committees within the Bank.

Wheeler began her career in the Bookkeeping Department at Isabella Bank 38 years ago.  She has worked in computer operations and has spent the most recent 30 years in the Accounting Department.  Peggy holds a Bachelor of Science Degree in Business Administration with a major in Accounting from Central Michigan University (CMU).  She is a graduate of the University of Wisconsin’s Graduate School of Banking, Dale Carnegie’s Executive Leadership and Team Development Programs, as well as the Mt. Pleasant Chamber of Commerce’s Rollie Denison Leadership Program. 

In addition to her professional achievements, Peggy has a passion for serving her community. She is on the finance committee for Woodland Hospice and is their past treasurer.  Peggy and her husband, Gordie, live in Mt. Pleasant.  They have three children and three grandchildren.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX: ISBA). Isabella Bank Corporation has $2.30 billion in assets under management and more than 400 employees. For the past two years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.” To learn more, visit www.isabellabank.com.

 

11-02-2015

Schwind to Succeed Pung as President of Isabella Bank

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQX: ISBA), announced today the appointment of Jerome E. Schwind to President and Chief Operations Officer of Isabella Bank effective December 31, 2015, following the retirement of Steven D. Pung which is effective December 30, 2015.

“Over the past 16 years, Jerome has led many strategic initiatives at the Bank.  He is a proven leader and embraces our core values and community bank heritage. His vast experience in strategic planning will continue to be a tremendous asset to our Bank,” commented Chief Executive Officer Jae Evans.

Schwind has been a member of the Isabella Bank family since 1999. He has served in various roles at the Bank including Executive Vice President and Chief Operations Officer, Chief Integration Officer, and Mecosta Division President.  Schwind received his undergraduate degree from Ferris State University and his MBA from Lake Superior State University.  He is also a graduate of the Dale Carnegie Executive Development program, the Graduate School of Banking at the University of Wisconsin-Madison, and the Rollie Denison Leadership Institute. 

In addition to his professional accomplishments, Jerome is also a strong community advocate.   He currently serves as the treasurer for the Middle Michigan Development Corporation and is a member of the Finance Advisory Board for the Ferris State University College of Business.  Schwind is past chair of the Mecosta County Development Corporation and past vice-chair of the Mecosta County Medical Center.  He is also a former member of the Friends of Ferris Board.  Jerome and his wife, Deb, live in Mt. Pleasant. 

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”   The Corporation's market maker is Boenning & Scattergood, Inc. (www.boenninginc.com).

Forward-Looking Statements
This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

 

11-02-2015

Isabella Bank President Steven Pung Announces Retirement

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQX: ISBA), announced today that Steven D. Pung will retire as President of Isabella Bank, effective December 30, 2015.  The Board of Directors has appointed Jerome E. Schwind, currently the Bank’s Executive Vice President and Chief Operations Officer, to serve as President and Chief Operations Officer of Isabella Bank effective December 31, 2015. 

“Steve is a well-respected leader at Isabella Bank and within our communities.  He has led by example and has been instrumental in cultivating talent within our organization.  His commitment to community banking, passion for the Isabella Bank culture, and enthusiasm for innovation have been instrumental in our growth and enhancing our brand.  We are thankful for his 36 years of service to Isabella Bank,” commented Chief Executive Officer Jae Evans.

Steve has been a member of the Isabella Bank family since 1979.  He began his career as the Director of Personnel and went on to serve in several leadership roles including Senior Vice President of Operations, Chief Operations Officer, and Executive Vice President.  In 2012, he became President of Isabella Bank. He earned his bachelor’s degree from Central Michigan University and graduated from the Robert Perry School of Banking at CMU, the Graduate School of Banking at the University of Wisconsin, Madison, and the Dale Carnegie Leadership Program.
 
In addition to his leadership at the Bank, Steve is also a devoted volunteer in the community.  He currently serves as president for the Mt. Pleasant Area Community Foundation (MPACF), chair of the Art Reach Board of Trustees, a director for the McLaren-Central Michigan Hospital Board, a member of the Mt. Pleasant First United Methodist Church Board of Trustees, and a director for the Chippewa Watershed Conservancy.  Throughout his career, he also served many other organizations including the United Way of Isabella County, Mt. Pleasant Public Schools Board of Education, Mt. Pleasant Chamber of Commerce, and the Downtown Development Board. He and his wife, Sue, live in Mt. Pleasant. 

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”   The Corporation's market maker is Boenning & Scattergood, Inc. (www.boenninginc.com).

Forward-Looking Statements
This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

10-29-2015

ISBA Announces Third Quarter 2015 Earnings

Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation (OTCQX:ISBA), announced today that in the third quarter of 2015, the Corporation recorded strong earnings, increased dividends paid, and opened two new offices.

Net income and earnings per common share for the third quarter of 2015 were $4.06 million and $0.52, compared to $3.41 million and $0.44 for the third quarter of 2014. Net income and earnings per common share for the nine months ended September 30, 2015 were $11.83 million and $1.52, compared to $10.28 million and $1.33 for the nine months ended September 30, 2014.  During the quarter, the Corporation paid a $0.24 per common share cash dividend.  This dividend represented a 9.09% increase over the third quarter of 2014, continuing the Corporation's 33 consecutive years of dividend growth.  Based on the Corporation's average stock price of $23.46 for the month of September 2015, the annualized cash dividend yield was 3.96%.

During the first nine months of 2015, total assets grew by 4.50% to $1.62 billion and assets under management - which includes loans sold and serviced, and assets managed by the Corporation's Investment and Trust Services Department of $681.39 million - grew to $2.30 billion.  Contributing to our growth were increases in our commercial and agricultural loan portfolios of $12.68 million as well as $61.08 million in our available-for-sale securities portfolio. Our focus on balance sheet growth contributes to our commitment to increasing net interest income.    

In addition to increased net interest income, improvements in credit quality also contributed to the Corporation's strong earnings.  During the first nine months of 2015, the Corporation realized net loan recoveries of $99,000, compared to net loans charged-off of $496,000 for the same period of 2014.  Total loans past due and loans classified as less than satisfactory continued to decline during the quarter.  These factors allowed for a reduction in the level of the allowance for loan losses in both amount and as a percentage of gross loans, resulting in a reversal of the provision for loan losses of $2.00 million during the nine month period ended September 30, 2015.

During the quarter, Isabella Bank, a wholly owned subsidiary of Isabella Bank Corporation, completed branch acquisitions in Saginaw and Midland. These acquisitions brought in over 1,200 new households and $52.95 million in deposits. With these new locations, the Bank is committed to strengthening its roots within the Midland and Saginaw counties.

For further information regarding Isabella Bank Corporation, please visit the website at www.isabellabank.com and click on the Investors Tab.

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

 

10-08-2015

Goward Succeeds Miller in Breckenridge Division

Steven D. Pung, President of Isabella Bank, announced the appointment of Brian Goward to the Breckenridge Division President position effective October 3, 2015 following the retirement of Tim Miller.  In his new role, Brian will be responsible for the day-to-day management and community development for the Breckenridge, Hemlock, and Ithaca offices.

Goward has 19 years of banking experience with a focus in Agricultural and Commercial Lending. He entered banking with a Bachelor’s degree in Finance from Michigan State University (MSU).  He is a graduate of University of Wisconsin’s Graduate School of Banking, Dale Carnegie Executive Development Program, and the Michigan Bankers Association (MBA) School of Commercial Lending.

In addition, he is a member of the Breckenridge Future Farmers of America (FFA) Alumni and the Breckenridge Rotary.  Brian serves on the Planning Commission and as a Trustee for Wheeler Township.  He and his wife, Julayne, live in the Breckenridge area and have three daughters: Kiera, Calista, and Kayla.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX: ISBA).  Isabella Bank Corporation has $2.28 billion in assets under management and more than 390 employees.  For the past two years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.”  To learn more, visit www.isabellabank.com.

 

10-01-2015

Varner Joins Isabella Bank Corporation Board

David J. Maness, Chairman of the Isabella Bank Corporation Board, announced the appointment of Gregory V. Varner to the Board, effective August 26, 2015.  In addition, the Board appointed Mr. Varner to its Compensation Committee and the Isabella Bank Board of Directors.

Mr. Varner is the Research Director for the Michigan Bean Commission and owns a dry bean, cucumber, and corn farm.  Mr. Varner received a Bachelor of Science in Agricultural Education and a Master of Science in Crop Science from Michigan State University.    In addition, he is a member of the American Society of Agronomy and the Bean Improvement Cooperative.  Mr. Varner also serves several different community organizations including the Breckenridge Educational Foundation, Pardee Cancer Fund of Gratiot County, Breckenridge FFA and Booster, Dry Bean and Sugar Beet Research Farm Committee, and the Immanuel Lutheran Church.  He and his wife, Joan, reside in Breckenridge.

“Mr. Varner has served as a director of our Breckenridge Division Board since 2004 and became the Chairman in 2014.  His leadership, forty years of experience in the agriculture industry, and strong community involvement will be tremendous assets to our Bank moving forward,” commented Maness.

Based in Mt. Pleasant, Michigan, Isabella Bank Corporation is the bank holding company for Isabella Bank.  Founded in 1903 with a focus on community banking, Isabella Bank operates 29 banking offices in seven counties including Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”   The Corporation's market maker is Boenning & Scattergood, Inc. (www.boenninginc.com).

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

 

9-11-2015

Miller Retires from Isabella Bank

Steven D. Pung, President of Isabella Bank, announced today that Timothy “Tim” Miller is retiring as Breckenridge Division President effective October 2, 2015.  He will continue to serve on the Division Board of Directors.  Brian Goward, currently Isabella Bank’s Vice President of Commercial Lending in Breckenridge, will succeed Miller as Division President.

Tim began his 32-year banking career after receiving his Bachelor of Science Degree in Finance from Central Michigan University (CMU).   He has held progressive leadership roles, the last 13 years of which were as president of the Breckenridge Division.  His passion for commercial and agricultural lending and commitment to building relationships has provided a collaborative business network for Isabella Bank.

Pung commented, “Tim has been a leader within the agricultural and banking communities.  His personal experience in agriculture made him an excellent resource. Tim’s knowledge and experience in lending have been instrumental in the Bank’s success.”

In addition to his professional accomplishments, Tim is an active volunteer in his community.  He is a Board Member for the Breckenridge/Wheeler and Gratiot County Chambers of Commerce, Gratiot County Community Foundation, and the Greater Gratiot Development, Inc.  He is also a member of the Edgewood Church of God. Tim and his wife, Olie of 40 years, live on a farm in the Breckenridge area.  They have three grown children and one grandchild.

Isabella Bank will host an open house in Tim’s honor on Friday, October 2, 2015 from 1:00 p.m. - 4:00 p.m. at the Breckenridge United Methodist Church located at 125 Third Street in Breckenridge.  The public is welcome.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX: ISBA).  Isabella Bank Corporation has $2.28 billion in assets under management and more than 390 employees.  For the past two years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.”  To learn more, visit www.isabellabank.com.

 

8-31-2015

Isabella Bank Opens Second Office in Midland, MI

Steven D. Pung, President of Isabella Bank, announced today that it has completed the acquisition of Independent Bank’s Midland office located at 210 South Saginaw Road. This is Isabella Bank’s second office in Midland and fifth location in the Great Lakes Bay Region. The new Midland office will offer individuals and businesses a wide array of financial services including consumer and home loans, deposit accounts, investment and trust services, commercial loans, and electronic services. 
 
 “The Midland community has been very supportive of Isabella Bank. Since we opened our first office five years ago, we have expanded our building and added a business development lender, financial advisor, and mortgage loan officer.  We believe this second office will further enhance our ability to serve the needs of our customers and the Midland community,” commented Pung.

Isabella Bank has 29 locations throughout seven Mid-Michigan counties and is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX: ISBA).  Isabella Bank Corporation has $2.28 billion in assets under management and more than 390 employees.  For the past two years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.”  To learn more, visit www.isabellabank.com.

Forward-Looking Statements
This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

 

8-27-2015

ISBA Announces Third Quarter 2015 Dividend

Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation declared a third quarter cash dividend of $0.24 per common share – a 9.09% increase from the third quarter 2014 – at its regular meeting held on August 26, 2015.  The dividend will be payable on September 30, 2015 to shareholders of record as of September 25, 2015.  The closing stock price for ISBA on August 26, 2015 was $23.00.

“We are pleased to announce an increase in our third quarter dividend which is a result of our strong earnings performance.  We remain committed to increasing shareholder value as evidenced by our history of 33 consecutive years of increased dividends,” commented Jae A. Evans, Chief Executive Officer of Isabella Bank Corporation.  “We recently acquired a branch in Saginaw and plan to complete the acquisition of a branch in Midland later this month, which will be our second office in the Midland market.  We expect these strategic investments to enhance our ability to deliver long-term value to our customers, shareholders, and communities.”

Based in Mt. Pleasant, Michigan, Isabella Bank Corporation is the bank holding company for Isabella Bank.  Founded in 1903 with a focus on community banking, Isabella Bank operates 28 banking offices in 7 counties including Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com.  Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.”   The Corporation's market maker is Boenning & Scattergood, Inc. (www.boenninginc.com).
 

Forward-Looking Statements
This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.

8-7-2015

5-Star Isabella Bank, Helping Customers Succeed

Isabella Bank, Mount Pleasant, Michigan proudly announces it has earned BAUER FINANCIAL, Inc.’s highest (5-Star) rating for strength and stability. Achievement of this coveted 5-Star Superior rating puts Isabella Bank in an elite category as one of the strongest banks in the nation.

BauerFinancial, the nation’s premier bank rating firm, has been evaluating and rating banks since 1983. Earning a 5-Star Superior rating means Isabella Bank excels in areas of capital, loan quality, profitability and more.

According to Karen L. Dorway, president of BauerFinancial, “Isabella Bank’s achievement is a result of its commitment to community banking and values. By focusing on the financial needs of local families and businesses, Isabella Bank has in turn, charted its own path. It is a symbiotic relationship: the more success customers have, the more success the bank will have. It is built on a commitment to each other and is what all banks should strive for.”
 
Isabella Bank has been helping customers succeed since its inception in 1903. Today, 112 years later and with the addition of two new branches in 2015 (Midland and Saginaw), it will operate through 29 conveniently located offices throughout seven counties in Michigan. Isabella Bank can also be found on the internet at isabellabank.com.

Isabella Bank: “Your 5-Star Community Bank.”

Member of the FDIC and an Equal Housing Lender.

BAUERFINANCIAL, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Consumers may obtain free star-ratings by visiting www.bauerfinancial.com.

 

8-3-2015

Isabella Bank Opens New Office in Saginaw, MI

Isabella Bank announced today that they have completed the acquisition of Flagstar Bank’s Saginaw office located at 4975 Bay Road. This is the Bank’s third location in Saginaw County. The Saginaw office will offer individuals and businesses a wide-array of financial services including consumer and home loans, checking accounts, investment and trust services, commercial loans, and electronic services.  A grand opening celebration is planned for the fall.

Jill Rodriguez will continue to lead the Saginaw office.  She joins Isabella Bank with 7 years of residential and commercial business development experience and received her Bachelor’s Degree from Michigan State University.  Jill serves on the steering committee for the Saginaw Young Professionals Network Board and is the secretary for the Saginaw Community Reinvestment Act Board.  She is also an active member of the Saginaw Chamber of Commerce, Saginaw Inforum, Frankenmuth Rotary, and the Frankenmuth Jaycees.   In 2013, Jill was the recipient of the Great Lakes Bay Business Magazine’s Woman to Watch award. 
 
“A growing number of our customers are from the Great Lakes Bay Region.  We are confident this new location, along with Jill and her community-focused team, will provide the level of service excellence our customers have come to know and expect from Isabella Bank,” commented Steven Pung, President of Isabella Bank.  
 
Isabella Bank is a wholly owned subsidiary of Isabella Bank Corporation (OTCQX: ISBA) with $2.28 billion in assets under management.  Isabella Bank has 28 locations throughout 7 mid-Michigan counties and employs more than 390 people.  For the past two years, the Corporation has been recognized on the Detroit Free Press list of “Top 100 Workplaces.”  To learn more, visit any of their 28 convenient locations or www.isabellabank.com.

Forward-Looking Statements
This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.