Independent Bank announced that it has created a new enterprise-wide risk management area that will be led by Stefanie M. Kimball, who will serve as the executive vice president and chief risk officer. Kimball has served as Independent Bank’s executive vice president and chief lending officer since 2007.

“The consolidation of risk management that enables an enterprise-wide approach is becoming the standard in the banking industry. This comprehensive approach is key to Independent Bank’s strategy for 2012 and beyond,” said Independent Bank’s President and Chief Operating Officer, Brad Kessel.

Many banks have adopted an enterprise-wide risk management approach as banking becomes more complex. Enterprise-wide risk management takes a consolidated and integrated view of the business risks of an organization and considers how risks in one area may impact another.

“Our service promise is to “impress every customer every day, every time.” As a community bank, we are focused on doing what is right for our clients, shareholders, communities and associates. This includes prudent risk taking. I am excited that Stefanie is leading Independent in its new integrated approach to risk management,” said Kessel.

As part of this new strategy, Jim Mack has been promoted from senior vice president to executive vice president and chief lending officer. He will assume the responsibility of managing Independent Bank’s commercial lending business.

“Jim brings strong, proven experience in the commercial arena to the executive management team,” said Kessel.

Mack joined Independent Bank in May of 2009 as a senior vice president of commercial operations, a position he has held since that time. He is a graduate of Western Michigan University.

Kimball earned a bachelor’s degree in economics from Oakland University in Rochester, Michigan, and an MBA from the University of Detroit. Kimball is a chairperson of the Michigan Bankers Association (MBA) Commercial Lending Committee and is a member of the MBA’s Senior Lending Forum. She is also a member of the Risk Management Association and was recently named to Oakland University’s Economics Department Board of Advisors.