Document

0000842517-19-000101.txt : 20190603 0000842517-19-000101.hdr.sgml : 20190603 20190603170053 ACCESSION NUMBER: 0000842517-19-000101 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190603 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20190603 DATE AS OF CHANGE: 20190603 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ISABELLA BANK Corp CENTRAL INDEX KEY: 0000842517 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 382830092 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18415 FILM NUMBER: 19873976 BUSINESS ADDRESS: STREET 1: 401 NORTH MAIN STREET CITY: MT PLEASANT STATE: MI ZIP: 48858 BUSINESS PHONE: 9897729471 MAIL ADDRESS: STREET 1: 401 NORTH MAIN STREET CITY: MT PLEASANT STATE: MI ZIP: 48858 FORMER COMPANY: FORMER CONFORMED NAME: ISABELLA BANK CORP DATE OF NAME CHANGE: 20080602 FORMER COMPANY: FORMER CONFORMED NAME: IBT BANCORP INC /MI/ DATE OF NAME CHANGE: 19920703 8-K 1 isba_8kx2019q2xdividendann.htm 8-K Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 3, 2019

ISABELLA BANK CORPORATION

(Exact name of registrant as specified in its charter)



MICHIGAN	000-18415	38-2830092
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)



401 North Main Street, Mt. Pleasant, Michigan		48858-1649
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (989) 772-9471

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:



¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



¨	Soliciting material pursuant to Rule l4a-12 under the Exchange Act (17 CFR 240.l4a-l2)



¨	Pre-commencement communications pursuant to Rule l4d-2(b) under the Exchange Act (17 CFR 240.l4d-2(b))



¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.l3e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).



	Emerging growth company	¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Securities registered pursuant to Section 12(b) of the Act:



Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	N/A	N/A

Section 8 - Other Events

Item 8.01 Other Events.

On June 3, 2019, Isabella Bank Corporation issued a press release announcing that its Board of Directors has declared a twenty-six cent ($0.26) per common share second quarter cash dividend, payable June 28, 2019 to shareholders of record as of June 26, 2019.

A copy of the press release is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.

The information in this Item 8.01 of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing made by the registrant under the Securities Act of 1933, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such filing.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:



Exhibit No.		Description

99.1		Press release issued June 3, 2019

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



		ISABELLA BANK CORPORATION

Dated:	June 3, 2019	By:	/s/ Jae A. Evans
			Jae A. Evans, President & CEO

EX-99.1 2 isba_2019q2xdivannxex991.htm EXHIBIT 99.1 Exhibit

Exhibit 99.1

For Immediate Release

Isabella Bank Corporation

401 N. Main Street

Mt. Pleasant, MI 48858

FOR MORE INFORMATION, CONTACT:

Mary Olivieri, Community Relations Officer

Phone: 989-779-6309 Fax: 989-775-5501

Isabella Bank Corporation Announces Second Quarter 2019 Dividend

Mt. Pleasant, Michigan, June 3, 2019 - Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation declared a second quarter cash dividend of $0.26 per common share at its regular meeting held on May 29, 2019. The dividend will be payable on June 28, 2019 to shareholders of record as of June 26, 2019. Based on ISBA’s closing stock price of $22.85 per share as of May 31, 2019, the annual dividend yield is 4.55%.

“I am pleased to announce our Board approved a dividend of $0.26 per share for the second quarter,” commented Jae A. Evans, President and Chief Executive Officer of Isabella Bank Corporation. “We are committed to providing an attractive investment to our shareholders through growth in earning assets, strong earnings results and continued dividends. We remain active in the market strategically purchasing ISBA stock through our publicly-announced share repurchase program and have implemented strategies to increase ISBA stock visibility within the market.”

About the Corporation

Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state chartered bank headquartered in Mt. Pleasant, Michigan. Isabella Bank was established in 1903 and has been committed to serving the local banking needs of our customers and communities for 116 years. The Bank offers personal and commercial lending and deposit products, as well as investment, trust and estate planning services. The Bank has 30 banking locations throughout seven Mid-Michigan counties: Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw. The Corporation employs more than 400 individuals and has been recognized on the Detroit Free Press list of “Top Workplaces” for the past five years.

For more information about Isabella Bank Corporation, visit the Investors link at www.isabellabank.com. Isabella Bank Corporation common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.’s electronic quotation system (www.otcmarkets.com) under the symbol “ISBA.” The Corporation's market maker is Boenning & Scattergood, Inc. (www.boenninginc.com) and its investor relations firm is Renmark Financial Communications, Inc. (www.renmarkfinancial.com).

Forward-Looking Statements

This press release includes forward-looking statements. To the extent that the foregoing information refers to matters that may occur in the future, please be aware that such forward-looking statements may differ materially from actual results. Additional information concerning some of the factors that could cause materially different results is included in the sections entitled "Risk Factors" and "Forward-Looking Statements" set forth in Isabella Bank Corporation's filings with the Securities and Exchange Commission, which are available from the Securities and Exchange Commission's Public Reference facilities and from its website at www.sec.gov.