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Displaying items by tag: ChoiceOne Financial Services Inc

Tuesday, 09 August 2022 22:14

Banking executives see strong commercial lending environment at midyear

Business lending remained strong through midyear despite rising interest rates and economic uncertainty that’s generating worries about a potential recession, according to regional banking executives.

Published in Finance
Sunday, 05 June 2022 18:18

People in the News: June 6, 2022

Here is the MiBiz People in the news report for June 6, 2022 

Published in Talent
Wednesday, 26 January 2022 19:13

ChoiceOne earnings bolstered by prior mergers; bank positioned for growth following capital raise

SPARTA — ChoiceOne Financial Services Inc. recorded higher earnings for 2021, benefitting from mergers that the bank completed in 2019 and 2020.

Published in Finance

Sunday, 16 January 2022 18:41

MiBiz Growth Report: January 17, 2022

Here is the MiBiz Growth Report for January 17, 2022.

Published in Economic Development
Sunday, 16 January 2022 18:19

Michigan community banks leverage tens of millions in capital raises

The $20 million in capital that West Shore Bank Corp. raised toward the end of 2021 will go to support further commercial loan growth.

Published in Small Business
Thursday, 28 October 2021 16:22

ChoiceOne Bank reports strong Q3 earnings as core deposit base grows

SPARTA — ChoiceOne Financial Services Inc. reported strong earnings growth over the third quarter from a year earlier that included merger-related expenses.

Published in Finance


Tuesday, 07 September 2021 14:19

ChoiceOne Bank raises $32.5 million to support growth plans, shareholder value

SPARTA — ChoiceOne Financial Services Inc. has raised $32.5 million in capital through a private placement of subordinate debt.

Published in Finance
Sunday, 15 August 2021 17:35

Two community banks embrace digitization trend with new products, investments

Two local community banks are following the industry’s deeper push into digital banking that has accelerated since the onset of the COVID-19 pandemic last year.

Published in Finance
Thursday, 29 July 2021 10:06

ChoiceOne reports higher quarterly earnings amid ‘signs of economic recovery’

SPARTA — ChoiceOne Financial Services Inc. reported higher second-quarter earnings as the economic recovery from the COVID-19 pandemic continues.

Published in Finance

Sunday, 06 June 2021 17:45

Share increase positions ChoiceOne Bank for potential acquisitions

Raising the number of authorized shares by 25 percent gives ChoiceOne Financial Services Inc. greater ability to pursue another acquisition should the opportunity arise.

Published in Finance
Sunday, 06 June 2021 11:47

MiBiz Growth Report: June 6, 2021

Here is the MiBiz Growth Report for June 6, 2021.

Published in Economic Development
Wednesday, 21 April 2021 17:32

Community Shores acquisition helps boost ChoiceOne’s Q1 earnings

SPARTA — ChoiceOne Financial Services Inc.’s quarterly earnings nearly doubled from a year earlier following an acquisition last fall.

Published in Finance


Sunday, 14 February 2021 17:50

ChoiceOne’s two recent acquisitions provide lessons on virtual dealmaking

The two acquisitions ChoiceOne Financial Services Inc. closed over a 15-month period tripled the size of the Sparta-based bank holding company.

Published in Finance
Sunday, 14 February 2021 16:15

Patience in a pandemic helped guide a busy year for Jeff Ott

As the economy abruptly ground to a halt last spring under COVID-19 restrictions, Jeff Ott stayed busy.

Published in Finance
Wednesday, 28 October 2020 16:42

ChoiceOne Q3 earnings growth reflects recent acquisitions

ChoiceOne Financial Service Inc. has reported significantly higher quarterly earnings following the completion of two acquisitions in the last year.

Published in Finance

Sunday, 02 August 2020 16:20

Bracing for more economic fallout, West Michigan banks boost loan-loss reserves

Given how hard the economy fell in the second quarter, earnings for West Michigan-based banks held up relatively well, although they were primarily lower than a year earlier as banks set aside more in reserve to cover potential future loan losses.

Published in Finance
Tuesday, 28 July 2020 16:49

ChoiceOne boosts earnings after recent acquisitions

An acquisition last fall helped ChoiceOne Financial Services Inc. report quarterly earnings that tripled from a year ago.

Published in Finance
Sunday, 05 July 2020 10:04

MiBiz Growth Report: July 5, 2020

Here is the MiBiz growth report for July 5, 2020.

Published in Economic Development

Wednesday, 01 July 2020 09:59

ChoiceOne completes acquisition of Community Shores Bank

ChoiceOne Financial Services Inc. closed today on the $20.8 million acquisition of Community Shores Bank Corp.

Published in Finance
Sunday, 21 June 2020 09:14

MiBiz Growth Report: June 21, 2020

Here is the MiBiz  Growth Report for June 21, 2020.

Published in Economic Development
Wednesday, 17 June 2020 17:02

Community Shores shareholders approve merger with ChoiceOne, deal to close in Q4

SPARTA — The planned $21.9 million merger of Community Shores Bank Corp. into ChoiceOne Financial Services Inc. heads to a close after earning shareholder approval.

Published in Finance

Tuesday, 26 May 2020 21:35

MiBiz Growth Report: May 27, 2020

Here is the MiBiz Growth Report for May 27, 2020.

Published in Economic Development
Wednesday, 05 February 2020 09:23

ChoiceOne shares moving to Nasdaq exchange

SPARTA — Shares of ChoiceOne Financial Services Inc., the parent company of ChoiceOne Bank and Lakestone Bank & Trust, will begin trading Friday on The Nasdaq Capital Market under its present symbol “COFS.”

Published in Finance
Sunday, 19 January 2020 16:00

Community Shores deal ‘makes a lot of sense’ for ChoiceOne

SPARTA — ChoiceOne Financial Services Inc. wasn’t actively looking to do another deal, but the parent company of ChoiceOne Bank saw an opportunity with Community Shores Bank Corp. that was too good to pass up. 

Published in Finance

Monday, 06 January 2020 09:36

ChoiceOne to acquire Community Shores Bank in $21.9 million deal

SPARTA — Five months after closing one acquisition, ChoiceOne Financial Services Inc. now plans to do another.

Published in Finance
Friday, 03 January 2020 17:07

Bank execs could face fewer deal prospects in 2020

Bank M&A may ease in 2020, as fewer executives surveyed by the trade publication Bank Director view the market as favorable for deals.

Published in Finance
Monday, 28 October 2019 12:13

Merger expenses cut into ChoiceOne’s third quarter earnings

SPARTA — Higher expenses mostly related to the Oct. 1 merger with County Bank Corp. cut into third quarter earnings for ChoiceOne Financial Services Inc.

Published in Finance

Sunday, 29 September 2019 13:31

Acquisitions remain option for ChoiceOne after County Bank deal

SPARTA — ChoiceOne Financial Services Inc. remains open to further acquisitions after the $89 million deal with Lapeer-based County Bank Corp. is completed next year.

Published in Finance
Wednesday, 18 September 2019 12:23

Shareholders approve ChoiceOne-County Bank merger

SPARTA — ChoiceOne Financial Services Inc.’s merger with Lapeer-based County Bank Corp. easily earned shareholder approvals this morning and now heads to a close next spring.

Published in Finance
Sunday, 04 August 2019 17:37

Chemical Bank merger closes, ChoiceOne deal awaits shareholder votes

As one bank merger affecting the West Michigan marketplace focuses on integration, another much smaller deal heads toward shareholder votes next month.

Published in Finance

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