−Removed: We and our bank operate a total of 87 facilities in Michigan and two leased facilities in Ohio.
+Added: We and our bank operate a total of 84 facilities in Michigan and three leased facilities in Ohio.
We own 61 and lease 23 of the facilities in Michigan.
1 unchanged sentence
current and anticipated needs.
+Added: LEGAL PROCEEDINGS
+Added: We are involved in various litigation matters in the ordinary course of business.
+Added: At the present time, we do not believe any of these matters will have a significant
+Added: impact on our consolidated financial position or results of operations.
+Added: The aggregate amount we have accrued for losses we consider probable as a result of these litigation matters is immaterial.
+Added: However, because of the inherent uncertainty of
+Added: outcomes from any litigation matter, we believe it is reasonably possible we may incur losses in addition to the amounts we have accrued.
+Added: At this time, we estimate the maximum amount of additional losses that are reasonably possible is
+Added: insignificant.
+Added: However, because of a number of factors, including the fact that certain of these litigation matters are still in their early stages, this maximum amount may change in the future.
+Added: The litigation matters described in the preceding paragraph primarily include claims that have been brought against us for damages, but do not include litigation matters
+Added: where we seek to collect amounts owed to us by third parties (such as litigation initiated to collect delinquent loans).
+Added: These excluded, collection-related matters may involve claims or counterclaims by the opposing party or parties, but we
+Added: have excluded such matters from the disclosure contained in the preceding paragraph in all cases where we believe the possibility of us paying damages to any opposing party is remote.
+Added: MINE SAFETY DISCLOSURES
+Added: Not applicable.
+Added: ADDITIONAL ITEM - EXECUTIVE OFFICERS
+Added: Our executive officers are appointed annually by our Board of Directors at the meeting of directors preceding the Annual Meeting of Shareholders.
+Added: There are no family relationships among these officers and/or our
+Added: directors nor any arrangement or understanding between any officer and any other person pursuant to which the officer was elected.
+Added: The following sets forth certain information with respect to our executive officers at February 19, 2021.
+Added: First elected
+Added: as an executive
+Added: President, Chief Executive Officer and Director
+Added: Executive Vice President and Chief Financial Officer(1)
+Added: Executive Vice President and Chief Risk Officer
+Added: Joel Rahn (54)
+Added: Executive Vice President and Chief Lending Officer(2)
+Added: Executive Vice President, Operations and Digital Banking (3)
+Added: Executive Vice President, Mortgage Banking (4)
+Added: Twarozynski (55)
+Added: Senior Vice President, Controller
+Added: Mohr joined Independent Bank in September 2020, as Executive Vice President and Chief Financial Officer.
+Added: Prior to joining Independent Bank, Mr.
+Added: Mohr served as the Chief Financial Officer of STAR Financial Bank, (“STAR”), a $2.1
+Added: billion bank, located in Fort Wayne, Indiana.
+Added: Prior to joining STAR, Mr.
+Added: Mohr served as Treasurer of Yadkin Bank and Trust (Statesville, North Carolina) from 2013 to 2014.
+Added: Rahn joined Independent Bank in April of 2018 as Senior Vice President Commercial Lending.
+Added: He was promoted to Executive Vice President and Chief Lending Officer in January, 2021.
+Added: He has 33 years of
+Added: commercial banking experience and has served in senior leadership positions for the past 16 years.
+Added: Daniel joined Independent Bank over 20 years ago as a commercial lender.
+Added: Prior to being named Executive Vice President – Operations and Digital Banking in November 2017, he served as Senior Vice
+Added: President of Retail and Mortgage Lending at Independent Bank, a position he held since 2012.
+Added: Ervin joined Independent Bank in August 2016, as Senior Vice President – Mortgage Banking.
+Added: He was promoted to Executive Vice President – Mortgage Banking in November 2017.
+Added: Prior to joining Independent Bank, Mr.
+Added: Ervin served as
+Added: Executive Managing Director Mortgage Banking and Servicing at Talmer Bank and Trust, a position he held since 2009.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.