Displaying items by tag: Community Shores Bank Corp
ChoiceOne Financial Service Inc. has reported significantly higher quarterly earnings following the completion of two acquisitions in the last year.
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.
An acquisition last fall helped ChoiceOne Financial Services Inc. report quarterly earnings that tripled from a year ago.
Here is the MiBiz growth report for July 5, 2020.
ChoiceOne Financial Services Inc. closed today on the $20.8 million acquisition of Community Shores Bank Corp.
Here is the MiBiz Growth Report for June 21, 2020.
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.
Here is the MiBiz Growth Report for May 27, 2020.
In mid-2018, executives and directors at Community Shores Bank Corp. began to study “strategic alternatives” to grow the bank.
Two locally-based banks — Mercantile Bank and West Michigan Community Bank — plan to close the lobbies of bank branches to customers starting Wednesday.