SPARTA, Mich. and FENTON, Mich., March 3, 2025 /PRNewswire/ — ChoiceOne Monetary Companies, Inc., (NASDAQ: COFS) (“ChoiceOne”), at present introduced the completion of the merger of Fentura Monetary, Inc. (OTCQX: FETM) (“Fentura”) with and into ChoiceOne, efficient as of March 1, 2025. The mixed group is a financial institution holding firm with property exceeding $4 billion and operates 56 places of work throughout Michigan.
“We’re excited to welcome Fentura into our ChoiceOne household,” stated ChoiceOne CEO Kelly Potes. “Our acquisition of Fentura is a pure geographical and cultural match for ChoiceOne and permits us to increase our neighborhood financial institution franchise additional into Central and Southeastern Michigan. Our mixed firm presents larger vary and capability for business and shopper lending in addition to main developments in expertise. We imagine ChoiceOne presents substantial alternative for our collective communities, clients, and staff whereas including vital worth for our shareholders. ChoiceOne will provide small companies and shoppers in West, Central and Southeast Michigan an in depth line of services and products delivered via an enhanced retail community together with digital and department banking.”
The mixed group can be headquartered in Sparta, Michigan. The consolidation of The State Financial institution with and into ChoiceOne Financial institution is predicted to be efficient on March 14, 2025 and the consolidated financial institution will function beneath the ChoiceOne identify and model.
About ChoiceOne
ChoiceOne Monetary Companies, Inc. is a monetary holding firm headquartered in Sparta, Michigan and the mother or father company of ChoiceOne Financial institution and The State Financial institution. Members FDIC. Collectively, ChoiceOne Financial institution and The State Financial institution function 56 places of work in components of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, Macomb, Genesee, Jackson, Livingston, Ingham, Saginaw, Shiawassee, and Bay counties. ChoiceOne Financial institution and The State Financial institution provide insurance coverage and funding merchandise via ChoiceOne Financial institution’s subsidiary, ChoiceOne Insurance coverage Businesses, Inc. ChoiceOne Monetary Companies, Inc. frequent inventory is quoted on the Nasdaq Capital Market beneath the image “COFS.” For extra data, please go to Investor Relations at ChoiceOne’s web site at choiceone.financial institution.
Ahead-Wanting Statements
This press launch accommodates forward-looking statements. Phrases resembling “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “is probably going,” “plans,” “predicts,” “tasks,” “might,” “may,” “look ahead,” “proceed”, “future” and variations of such phrases and comparable expressions are supposed to determine such forward-looking statements. These statements replicate present beliefs as to the anticipated outcomes of future occasions and will not be ensures of future efficiency. These statements contain sure dangers, uncertainties and assumptions (“threat components”) which might be tough to foretell with regard to timing, extent, chance and diploma of prevalence. Due to this fact, precise outcomes and outcomes might materially differ from what could also be expressed, implied or forecasted in such forward-looking statements. Moreover, ChoiceOne doesn’t undertake any obligation to replace, amend, or make clear forward-looking statements, whether or not because of new data, future occasions, or in any other case. Danger components embrace, however will not be restricted to, the danger components described in Merchandise 1A in ChoiceOne’s Annual Report on Type 10-Okay for the yr ended December 31, 2023, and in any of ChoiceOne’s subsequent SEC filings, which can be found on the SEC’s web site, www.sec.gov.
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SOURCE ChoiceOne Monetary Companies, Inc.
