Independent Bank Corporation IBCP Number of Class Action Lawsuits
Number of Class Action Lawsuits at other companies
Other financials
Where this comes from
Reported directly by Independent Bank Corporation in its filing.
Tagged under the XBRL concept us-gaap:LossContingencyPendingClaimsNumber.
The source filing: Independent Bank Corporation’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 12:18 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000039311-26-000061
We are involved in various litigation matters in the ordinary course of business, which currently include three putative class action complaints brought against the Bank alleging that its practice of charging overdraft and other fees was not consistent with the disclosures the Bank made to consumers. These lawsuits are similar to lawsuits that have recently been filed against other financial institutions pertaining to overdraft fee disclosures. No class has been certified in any of the putative class action complaints brought against the Bank, and we believe we have valid defenses to each of the claims that have been made. These three actions are being coordinated for pre-trial and other purposes.
Item 1. Condensed Consolidated Statements of Financial Condition June 30, 2026 and December 31, 20
FAQ
- What is Independent Bank Corporation's number of class action lawsuits?
- Independent Bank Corporation (IBCP) reported number of class action lawsuits of $3 in Q2 2026.
- What does number of class action lawsuits mean?
- This metric counts the total number of active class action lawsuits currently pending against the financial institution. It serves as a primary indicator of legal and reputational risk that could result in significant financial settlements or regulatory scrutiny.
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