SPARTA, Mich. and FENTON, Mich., March 3, 2025 /PRNewswire/ — ChoiceOne Monetary Providers, Inc., (NASDAQ: COFS) (“ChoiceOne”), as we speak 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 belongings exceeding $4 billion and operates 56 workplaces 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 broaden our group financial institution franchise additional into Central and Southeastern Michigan. Our mixed firm provides higher vary and capability for industrial and client lending in addition to main developments in expertise. We imagine ChoiceOne provides substantial alternative for our collective communities, clients, and workers whereas including important worth for our shareholders. ChoiceOne will provide small companies and customers in West, Central and Southeast Michigan an in depth line of services delivered by way of an enhanced retail community together with digital and department banking.”
The mixed group might be headquartered in Sparta, Michigan. The consolidation of The State Financial institution with and into ChoiceOne Financial institution is anticipated to be efficient on March 14, 2025 and the consolidated financial institution will function underneath the ChoiceOne identify and model.
About ChoiceOne
ChoiceOne Monetary Providers, Inc. is a monetary holding firm headquartered in Sparta, Michigan and the mum or dad company of ChoiceOne Financial institution and The State Financial institution. Members FDIC. Collectively, ChoiceOne Financial institution and The State Financial institution function 56 workplaces 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 by way of ChoiceOne Financial institution’s subsidiary, ChoiceOne Insurance coverage Businesses, Inc. ChoiceOne Monetary Providers, Inc. frequent inventory is quoted on the Nasdaq Capital Market underneath 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 similar to “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “is probably going,” “plans,” “predicts,” “tasks,” “might,” “may,” “look ahead,” “proceed”, “future” and variations of such phrases and related expressions are supposed to establish such forward-looking statements. These statements replicate present beliefs as to the anticipated outcomes of future occasions and usually are not ensures of future efficiency. These statements contain sure dangers, uncertainties and assumptions (“danger elements”) which might be troublesome to foretell with regard to timing, extent, probability and diploma of incidence. Subsequently, 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 elements embrace, however usually are not restricted to, the danger elements described in Merchandise 1A in ChoiceOne’s Annual Report on Type 10-Ok 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.
SOURCE ChoiceOne Monetary Providers, Inc.
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