ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, as well as certificates of deposit. It also provides commercial loans, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers safe deposit and automated transaction machine services; and alternative investment products, including annuities and mutual funds, as well as sells insurance policies, such as life and health for commercial and consumer clients. It operates 32 full-service offices in Kent, Muskegon, Newaygo, and Ottawa, and St. Clair counties, Michigan. The company was founded in 1898 and is headquartered in Sparta, Michigan.
IPO Year:
Exchange: NASDAQ
Website: choiceone.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/10/2025 | $35.00 | Outperform | Hovde Group |
| 3/3/2025 | Neutral → Buy | Janney | |
| 10/18/2024 | $37.00 | Buy | DA Davidson |
| 9/27/2023 | $24.00 | Neutral | Janney |
SPARTA, Mich., March 17, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc., (NASDAQ:COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, announced the successful consolidation of The State Bank with and into ChoiceOne Bank on March 14, 2025. The State Bank is now renamed ChoiceOne Bank. ChoiceOne Financial Services, Inc. Completes Successful Consolidation of The State Bank"We are pleased to close our consolidation of ChoiceOne Bank and The State Bank," said ChoiceOne CEO Kelly Potes. "Our teams at both banks have worked diligently over the last eight months to comb
SPARTA, Mich. and FENTON, Mich., March 3, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc., (NASDAQ:COFS) ("ChoiceOne"), today announced the completion of the merger of Fentura Financial, Inc. (OTCQX:FETM) ("Fentura") with and into ChoiceOne, effective as of March 1, 2025. The combined organization is a bank holding company with assets exceeding $4 billion and operates 56 offices across Michigan. "We are excited to welcome Fentura into our ChoiceOne family," said ChoiceOne CEO Kelly Potes. "Our acquisition of Fentura is a natural geographical and cultural fit for Choice
SPARTA, Mich., Feb. 26, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.28 per share. The cash dividend is payable to shareholders of record as of March 14, 2025, and will be paid on March 31, 2025. The dividend declared for the first quarter of 2025 is equal to the dividend paid in the fourth quarter of 2024 and $0.01 higher than the dividend paid in the first quarter of 2024. ChoiceOne Financial Services, Inc. is a financial holding company headquartered
SPARTA, Mich., Feb. 12, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc., (NASDAQ:COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, today announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the merger of Fentura Financial, Inc. (OTCQX:FETM) ("Fentura"), the parent company of The State Bank, with and into ChoiceOne, with ChoiceOne continuing as the surviving corporation. Following completion of the merger, the combined organization will be headquartered in Sparta, Michigan and operate under the ChoiceOne name and brand.
SPARTA, Mich., Jan. 22, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ((", ChoiceOne", , NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended December 31, 2024. Highlights ChoiceOne reported net income of $7,159,000 and $26,727,000 for the three and twelve months ended December 31, 2024, compared to $5,293,000 and $21,261,000 for the same periods in 2023, representing growth of 35.3% and 25.7%, respectively. Net income adjusted for merger related expenses was $7,532,000 and $27,733,000 for the three and twelve months e
SPARTA, Mich., and FENTON, Mich., Dec. 13, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc., (NASDAQ:COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, and Fentura Financial, Inc. (OTCQX:FETM) ("Fentura"), the parent company of The State Bank, jointly announced that at separate special meetings held on December 12, 2024, each company's shareholders approved the proposed merger in which Fentura will merge with and into ChoiceOne, with ChoiceOne continuing as the surviving corporation. The combined organization will be headquartered in Sparta, Michigan and will operate under the ChoiceOne name and brand following completion of the transaction.
SPARTA, Mich., Dec. 4, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.28 per share. The cash dividend is payable to shareholders of record as of December 13, 2024, and will be paid on December 31, 2024. The dividend declared for the fourth quarter of 2024 is $0.01 higher than the dividend paid in the third quarter of 2024 and fourth quarter of 2023. ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the p
SPARTA, Mich., Oct. 23, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ((", ChoiceOne", , NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended September 30, 2024. Quarterly Highlights ChoiceOne reported net income of $7,348,000 and $19,568,000 for the three and nine months ended September 30, 2024, compared to $5,122,000 and $15,968,000 for the same periods in 2023, representing growth of 43.5% and 22.6%, respectively. Net income adjusted for merger related expenses was $7,981,000 and $20,201,000 for the three and nine
Bradley Bissett Personally Recognized as MCDC 2023 Individual Lender of the Year SPARTA, Mich., Sept. 19, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ:COFS) ("ChoiceOne") are honored to receive the 2023 Lender of the Year Award from the Michigan Certified Development Corporation (MCDC). ChoiceOne Vice President, SBA Lending Officer Aaron Griffin accepted the award on behalf of the Bank. MCDC also presented Vice President, Commercial Loan Officer Brad Bissett a 2023 Individual Lender of the Year award. "We are honored to receive the MCDC 2
SPARTA, Mich., Sept. 10, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ:COFS) ("ChoiceOne") are pleased to announce the choiceone.bank redesign has been awarded a Gold Award from dotCOMM – Honoring Excellence in Web Creativity and Digital Communication. Each year the Association of Marketing and Communication Professionals (AMCP) evaluates approximately 20,000 entries submitted from dozens of countries. Winners of this award range from individual communicators to media conglomerates and Fortune 50 companies. "ChoiceOne is extremely pleased
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SPARTA, Mich. and FENTON, Mich., July 25, 2024 (GLOBE NEWSWIRE) -- ChoiceOne Financial Services, Inc. (NASDAQ:COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, and Fentura Financial, Inc. (OTCQX:FETM) ("Fentura"), the parent company of The State Bank, today announced the signing of a definitive merger agreement pursuant to which ChoiceOne and Fentura will merge in an all-stock transaction. The agreement was unanimously approved by the boards of directors of both companies. Once completed, the combination will create the third largest publicly traded bank in Michigan with approximately $4.3 billion in consolidated total assets and 56 offices in Western, Central and Southeastern
SPARTA, Mich. and FENTON, Mich., July 25, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. (NASDAQ:COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, and Fentura Financial, Inc. (OTCQX:FETM) ("Fentura"), the parent company of The State Bank, today announced the signing of a definitive merger agreement pursuant to which ChoiceOne and Fentura will merge in an all-stock transaction. The agreement was unanimously approved by the boards of directors of both companies. Once completed, the combination will create the third largest publicly traded bank in Michigan with
SPARTA, Mich., Jan. 4, 2022 /PRNewswire/ -- The Board of Directors of ChoiceOne Financial Services, Inc. ((", ChoiceOne", , NASDAQ:COFS), the parent company of ChoiceOne Bank, announced effective January 1, 2022, Adom J. Greenland, who currently serves as Secretary and Chief Operating Officer of ChoiceOne and ChoiceOne Bank, will serve as Secretary, Chief Financial Officer and Treasurer of ChoiceOne and ChoiceOne Bank. Greenland replaced Thomas L. Lampen, Senior Vice President and Chief Financial Officer, upon his retirement effective December 31, 2021. "It is with great p
SPARTA, Mich., Dec. 6, 2021 /PRNewswire/ -- It is with great appreciation that ChoiceOne Financial Services, Inc. (NASDAQ:COFS) ("ChoiceOne") announces the retirement of Chairman Paul L. Johnson from the Boards of Directors of ChoiceOne and ChoiceOne Bank effective December 25. Effective upon Mr. Johnson's retirement, Jack G. Hendon has been appointed Chairman of both Boards of Directors, and Bradley F. McGinnis has been appointed to the ChoiceOne Board in addition to his service on the ChoiceOne Bank Board. "It's a poignant time for our company as we announce the retirement o
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Hovde Group initiated coverage of ChoiceOne Financial Services with a rating of Outperform and set a new price target of $35.00
Janney upgraded ChoiceOne Financial Services from Neutral to Buy
DA Davidson initiated coverage of ChoiceOne Financial Services with a rating of Buy and set a new price target of $37.00
Janney initiated coverage of ChoiceOne Financial Services with a rating of Neutral and set a new price target of $24.00
SPARTA, Mich., Feb. 26, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.28 per share. The cash dividend is payable to shareholders of record as of March 14, 2025, and will be paid on March 31, 2025. The dividend declared for the first quarter of 2025 is equal to the dividend paid in the fourth quarter of 2024 and $0.01 higher than the dividend paid in the first quarter of 2024. ChoiceOne Financial Services, Inc. is a financial holding company headquartered
SPARTA, Mich., Jan. 22, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ((", ChoiceOne", , NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended December 31, 2024. Highlights ChoiceOne reported net income of $7,159,000 and $26,727,000 for the three and twelve months ended December 31, 2024, compared to $5,293,000 and $21,261,000 for the same periods in 2023, representing growth of 35.3% and 25.7%, respectively. Net income adjusted for merger related expenses was $7,532,000 and $27,733,000 for the three and twelve months e
SPARTA, Mich., Dec. 4, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.28 per share. The cash dividend is payable to shareholders of record as of December 13, 2024, and will be paid on December 31, 2024. The dividend declared for the fourth quarter of 2024 is $0.01 higher than the dividend paid in the third quarter of 2024 and fourth quarter of 2023. ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the p
SPARTA, Mich., Aug. 23, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.27 per share. The cash dividend is payable to shareholders of record as of September 13, 2024, and will be paid on September 30, 2024. The dividend declared for the third quarter of 2024 is equal to the dividend paid in the second quarter of 2024 and $0.01 higher than the dividend paid in the third quarter of 2023. ChoiceOne Financial Services, Inc. is a financial holding company headqua
SPARTA, Mich., July 25, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ((", ChoiceOne", , NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended June 30, 2024. Financial Highlights ChoiceOne reported net income of $6,586,000 and $12,220,000 for the three and six months ended June 30, 2024, compared to $5,213,000 and $10,846,000 for the same periods in 2023, representing annualized growth of 26.3% and 12.7%, respectively.Diluted earnings per share were $0.87 and $1.61 in the three and six months ended June 30, 2024, compa
SPARTA, Mich., May 29, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.27 per share. The cash dividend is payable to shareholders of record as of June 14, 2024, and will be paid on June 28, 2024. The dividend declared for the second quarter of 2024 is equal to the dividend paid in the first quarter of 2024 and $0.01 higher than the dividend paid in the second quarter of 2023. ChoiceOne Financial Services, Inc. is a financial holding company headquartered in
SPARTA, Mich., April 24, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ((", ChoiceOne", , NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended March 31, 2024. Financial Highlights ChoiceOne reported net income of $5,634,000 for the three months ended March 31, 2024, compared to $5,633,000 for the same period in 2023.Diluted earnings per share were $0.74 in the three months ended March 31, 2024, compared to $0.75 per share in the same period in the prior year.Starting in May 2024, net interest income will be aided by f
SPARTA, Mich., Feb. 28, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.27 per share. The cash dividend is payable to shareholders of record as of March 15, 2024, and will be paid on March 29, 2024. The dividend declared for the first quarter of 2024 is equal to the dividend paid in the fourth quarter of 2023 and $0.01 higher than the dividend paid in the first quarter of 2023. ChoiceOne Financial Services, Inc. is a financial holding company headquartered
SPARTA, Mich., Jan. 24, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ((", ChoiceOne", , NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended December 31, 2023. Financial Highlights Founded in 1898, ChoiceOne Bank celebrated its 125th anniversary serving local Michigan communities. ChoiceOne celebrated this accomplishment by ringing the opening bell on the NASDAQ trading floor on October 30th, 2023.ChoiceOne reported net income of $5,293,000 and $21,261,000 for the three and twelve months ended December 31, 2023, comp
SPARTA, Mich., Nov. 29, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.27 per share. The cash dividend is payable to shareholders of record as of December 15, 2023 and will be paid on December 29, 2023. The dividend declared for the fourth quarter of 2023 is $0.01 higher than the dividend paid in the third quarter of 2023 and fourth quarter of 2022. ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the p