News

Isabella Bank Corporation is expanding into Bay County with this month’s opening of a loan and wealth office at 723 Washington Ave. The office will provide mortgage and commercial lending services as well as financial planning services and estate administration.

Isabella Bank Corporation announced its Board of Directors declared a third-quarter cash dividend of $0.28 per common share at its regular meeting on August 30, 2023. The dividend will be payable September 29, 2023, to shareholders of record as of September 27, 2023.

Isabella Bank is pleased to welcome John Jatczak as Branch Manager and Community Development Liaison at our Downtown Saginaw office. John has over 30 years of banking experience and will manage the daily operations of the branch, while servicing the retail and community development needs of the local Saginaw area.

Isabella Bank has been serving communities in Mid-Michigan for 120 years. For historical context, when the bank was first born in 1903, Henry Ford was in the process of founding Ford Motor Company, and the Wright brothers were testing out a new machine they hoped would fly.

Isabella Bank Corporation has reported net income of $4.6 million for the second quarter of 2023 and $10 million for the six-month period ended June 30, 2023. Earnings per common share were $0.62 for the second quarter of 2023 and $1.32 for the first half of the year.

Isabella Bank Corporation announced its Board of Directors declared a second-quarter cash dividend of $0.28 per common share at its regular meeting on May 31, 2023. The dividend will be payable June 30, 2023, to shareholders of record as of June 28, 2023.

Isabella Bank Corporation announced that Jae A. Evans will retire as President and Chief Executive Officer, effective January 2024. The Board of Directors has elected Jerome E. Schwind, currently President of Isabella Bank, as the new President and CEO of Isabella Bank Corporation and CEO of Isabella Bank, effective January 2024. The Board also named Neil M. McDonnell, currently Chief Financial Officer, to replace Schwind as the Bank President at that time.

Isabella Bank is pleased to welcome Catherine Lamrouex and Amanda Dudek as branch managers in our Saginaw community. Catherine Lamrouex will be the branch manager at our new Saginaw State Street location and Amanda Dudek will be the branch manager at our Saginaw Bay Road location. They will manage the daily operations of the branches, while servicing the retail lending needs of the community.

Isabella Bank announced the promotion of Zachary Paulus to Agriculture Lender in our Breckenridge office. Zachary will be responsible for servicing the agriculture and commercial lending needs of the Gratiot area community.