{"schema_version":"secwatch.filing_event.v1","accession":"0000039311-26-000020","form_type":"8-K","ticker":"IBCP","cik":"0000039311","company_name":"INDEPENDENT BANK CORP /MI/","filed_at":"2026-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.403187+00:00","generated_at":"2026-05-15T09:59:08.508907+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Independent Bank to acquire HCB Financial for ~$70.2M in cash/stock, ~6% EPS accretive","bullets":["HCB shareholders receive 1.590 shares of IBCP stock + $17.51 cash per share; total consideration ~$70.2M.","Deal expected to be ~6% accretive to 2027 EPS; TBV dilution of ~4% earned back in ~3.4 years.","Combined entity pro forma ~$6.1B assets, $5.3B deposits, $4.7B loans; projected CET1 ~11.5%.","HCB's 7 branches fill geographic gap between Grand Rapids and Lansing; low-cost deposit base (1.50%).","Transaction unanimously approved; expected close early Q3 2026, subject to regulatory and HCB shareholder approval."],"urls":{"canonical":"https://secwatch.observer/filing/0000039311-26-000020","json":"https://secwatch.observer/filing/0000039311-26-000020.json","markdown":"https://secwatch.observer/filing/0000039311-26-000020.md","text":"https://secwatch.observer/filing/0000039311-26-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39311/000003931126000020/0000039311-26-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39311/000003931126000020/ibcp-20260318.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:59:08.508907+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fb66118856cea1aa7edc58f9538a80512464f354","claim":"INDEPENDENT BANK CORP /MI/ entered into Agreement and Plan of Merger with HCB Financial Corp. valued at approximately $70.2 million (effective 2026-03-18).","evidence_excerpt":"On March 18, 2026, Independent Bank Corporation (“ Independent ”) and HCB Financial Corp. (“ HCB ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) providing for a business combination of Independent and HCB.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39311/000003931126000020/0000039311-26-000020-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"HCB Financial Corp."},{"label":"Value","value":"approximately $70.2 million"},{"label":"Effective","value":"2026-03-18"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}