News

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.

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.