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Displaying items tagged: Community Shores Bank Corp

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
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

Sunday, 10 May 2020 18:54

ChoiceOne-Community Shores deal progresses toward ‘likely’ third quarter close

In mid-2018, executives and directors at Community Shores Bank Corp. began to study “strategic alternatives” to grow the bank.

Published in Finance
Wednesday, 18 March 2020 10:14

Some West Michigan banks close lobbies in response to COVID-19

Two locally-based banks — Mercantile Bank and West Michigan Community Bank — plan to close the lobbies of bank branches to customers starting Wednesday.

Published in Finance
Sunday, 16 February 2020 09:00

MiBiz Growth Report: February 16, 2020

This is the MiBiz growth report for February 16, 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
Tuesday, 04 February 2020 11:45

Marketing firm Revel acquires Borns B2B

MUSKEGON — Marketing and branding firm Revel has acquired Borns B2B.

Published in Economic Development
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
Sunday, 12 November 2017 15:55

Citing compliance costs, Community Shores Bank to deregister shares with SEC

MUSKEGON — Citing the high cost of complying with public reporting requirements, Community Shores Bank Corp. plans to deregister its shares with federal securities regulators.

Published in Finance
Sunday, 16 April 2017 12:48

‘Back on track’: Backed by recap, improved economy, Community Shores Bank emerges from federal scrutiny

MUSKEGON — After more than six years of operating under increased regulatory scrutiny, CEO Heather Brolick wants people to know that Community Shores Bank Corp. is “back on track” and growing again.

Published in Finance

Tuesday, 05 January 2016 14:02

Community Shores Bank completes $5 million capital raise

Backed with a $5 million capital injection, Community Shores Bank Corp. has emerged from an era of increased regulatory oversight.

Published in Breaking News