News

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.

Isabella Bank is pleased to welcome Jesse Kendall as a Commercial Lender at our Saginaw State Street branch. Jesse will service the commercial lending needs of the Saginaw and surrounding area communities.

Isabella Bank Corporation announced its Board of Directors declared a first-quarter cash dividend of $0.28 per common share at its regular meeting on February 22, 2023. The dividend will be payable March 31, 2023, to shareholders of record as of March 29, 2023.

David Seppala, West Regional President of Isabella Bank, received the Marian E. Kemp Outstanding Citizen Award for 2022 from the Greenville Area Chamber of Commerce. The award recognizes an individual who has given significant contributions in time and effort to the Greenville community.

Isabella Bank Corporation reported record net income, net interest income and earnings per share for the year ended December 31, 2022. Fourth quarter net income was $6.3 million, surpassing $4.8 million for the same period in 2021, resulting in net income of $22.2 million in 2022, up 14% from $19.5 million reported in 2021.

Isabella Bank Corporation announced its Board of Directors declared a fourth-quarter cash dividend of $0.28 per common share at its regular meeting on November 30, 2022. The $0.28 dividend represents a $0.01 or 3.7% increase from the third quarter dividend and brings year-to-date dividends to $1.09. The dividend will be payable December 16, 2022, to shareholders of record as of December 14, 2022.

Isabella Bank Corporation announced the appointment of Melinda M. Coffin to the Isabella Bank Board, effective December 2022. In October 2021 she was appointed Chief Executive Officer of Soaring Eagle Gaming Enterprises. Melinda’s professional experience and knowledge of the Central Michigan area position her to be a strong asset to both our board and our bank.

Isabella Bank Corporation reported a record net income of $5.9 million for the third quarter of 2022 and $15.9 million for the nine-month period ended September 30, 2022. Earnings per common share were $0.78 in the third quarter and $2.11 for the first nine months of 2022.