ChoiceOne Financial Services Announces Commencement Of $30M Common Stock Offering

7/25/24 8:08:09 AM ET

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ChoiceOne Financial Services, Inc. (NASDAQ:COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, announced today that it has commenced an underwritten public offering of shares of its common stock. ChoiceOne also expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the offering. The offering is expected to raise an amount equal to at least $30.0 million. The proceeds from the offering will qualify as tangible common equity and Tier 1 common equity. ChoiceOne intends to use the net proceeds of this offering for general corporate purposes including supplementing regulatory capital ratios and in conjunction with its announced merger with Fentura Financial, Inc. ("Fentura").

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ChoiceOne Reports Third Quarter 2024 Results
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
10/23/24 4:01:00 PM ET
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ChoiceOne Bank Receives MCDC 2023 Lender of the Year Award
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
9/19/24 5:50:00 PM ET
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ChoiceOne Bank Receives dotCOMM Gold Award Honoring Web Creativity, Digital Communication Excellence
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
9/10/24 2:00:00 PM ET
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ChoiceOne Financial Services, Inc. Announces Merger with Fentura Financial, Inc.
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
7/25/24 8:08:46 AM ET
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ChoiceOne Financial Services, Inc. Announces Merger with Fentura Financial, Inc.
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
7/25/24 8:00:00 AM ET
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ChoiceOne Bank Names Adom J. Greenland Chief Financial Officer
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
1/4/22 9:00:00 AM ET
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ChoiceOne Financial Announces Cash Dividends
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
8/23/24 4:15:00 PM ET
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ChoiceOne Reports Second Quarter 2024 Results
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
7/25/24 7:30:00 AM ET
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CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDENDS
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
5/29/24 4:05:00 PM ET
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ChoiceOne Financial Services Prices $30M Common Stock Offering Of 1.2M Shares Of Common Stock At A Price Of $25/Share
ChoiceOne Financial Services, Inc. (NASDAQ:COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, announced today the pricing of an underwritten public offering of 1,200,000 shares of its common stock at a price to the public of $25.00 per share, for gross proceeds of approximately $30.0 million. The net proceeds to ChoiceOne, after deducting the underwriting discounts but before deducting the estimated offering expenses payable by ChoiceOne, are expected to be approximately $28.2 million. ChoiceOne has granted the underwriter a 30-day option to purchase up to an additional 180,000 shares of Company common stock to cover over-allotments at the public offering price, less the underwriting
7/25/24 8:32:28 AM ET
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ChoiceOne Financial Services Announces Merger With Fentura Financial; Transaction Is Valued At $40.18 Per Share Of Fentura Common Stock, Or ~$180.4M
Under the terms of the merger agreement, each share of Fentura common stock outstanding immediately prior to completion of the merger will be converted into the right to receive 1.35 shares of ChoiceOne common stock. The proposed transaction is valued at $40.18 per share of Fentura common stock, or approximately $180.4 million in the aggregate, based on the closing price of ChoiceOne's common stock of $29.76 on July 24, 2024. For additional information about the proposed merger, please see the Investor Presentation – Merger, filed as Exhibit 99.4 to ChoiceOne's Form 8-K filed on July 25, 2024.
7/25/24 8:09:24 AM ET
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ChoiceOne Financial Services Announces Commencement Of $30M Common Stock Offering
ChoiceOne Financial Services, Inc. (NASDAQ:COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, announced today that it has commenced an underwritten public offering of shares of its common stock. ChoiceOne also expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the offering. The offering is expected to raise an amount equal to at least $30.0 million. The proceeds from the offering will qualify as tangible common equity and Tier 1 common equity. ChoiceOne intends to use the net proceeds of this offering for general corporate purposes including supplementing regulatory capital ratios and in conjunction with its
7/25/24 8:08:09 AM ET
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ChoiceOne Financial Services Announces Commencement Of $30M Common Stock Offering

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Recent Analyst Ratings for $COFS

$COFS Press Releases

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ChoiceOne Reports Third Quarter 2024 Results

ChoiceOne Bank Receives MCDC 2023 Lender of the Year Award

ChoiceOne Bank Receives dotCOMM Gold Award Honoring Web Creativity, Digital Communication Excellence

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DA Davidson initiated coverage on ChoiceOne Financial Services with a new price target

Janney initiated coverage on ChoiceOne Financial Services with a new price target

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President Burke Michael J Jr bought $13,375 worth of shares (500 units at $26.75) (SEC Form 4)

Chief Executive Officer Potes Kelly bought $53,450 worth of shares (2,000 units at $26.73) (SEC Form 4)

President Burke Michael J Jr bought $27,250 worth of shares (1,000 units at $27.25) (SEC Form 4)

ChoiceOne Financial Services, Inc. Announces Merger with Fentura Financial, Inc.

ChoiceOne Financial Services, Inc. Announces Merger with Fentura Financial, Inc.

ChoiceOne Bank Names Adom J. Greenland Chief Financial Officer

$COFS Financials

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ChoiceOne Financial Announces Cash Dividends

ChoiceOne Reports Second Quarter 2024 Results

CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDENDS

$COFS SEC Filings

SEC Form 10-Q filed by ChoiceOne Financial Services Inc.

ChoiceOne Financial Services Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 425 filed by ChoiceOne Financial Services Inc.

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Director Wendling Michelle M was granted 241 shares, increasing direct ownership by 4% to 5,863 units (SEC Form 4)

Director Page Roxanne M was granted 162 shares, increasing direct ownership by 3% to 5,787 units (SEC Form 4)

Director Mcginnis Bradley F. was granted 477 shares, increasing direct ownership by 5% to 10,430 units (SEC Form 4)

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ChoiceOne Financial Services Prices $30M Common Stock Offering Of 1.2M Shares Of Common Stock At A Price Of $25/Share

ChoiceOne Financial Services Announces Merger With Fentura Financial; Transaction Is Valued At $40.18 Per Share Of Fentura Common Stock, Or ~$180.4M