NEW YORK — Uncle Sam could soon own a piece of Independent Bank Corp.

The Michigan lender disclosed in a filing Friday it has paved the way for the Treasury Department to convert into common shares the $72 million the government invested in the bank through the Troubled Asset Relief Program, or Tarp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.