ChoiceOne Financial Services, Inc. (Nasdaq: COFS) ("ChoiceOne”), the parent company of ChoiceOne Bank, today announced the successful consolidation of its previously announced acquisition of Community Shores Bank into ChoiceOne Bank. Community Shores Bank is now renamed ChoiceOne Bank.
ChoiceOne Bank is pleased to announce the Community Bankers of Michigan (CBM) recently elected Michael J. Burke, Jr. to serve as its Chairman for the next fiscal year. Burke is President of ChoiceOne Bank headquartered in Sparta, Michigan. Burke was elected at the CBM Annual Convention held this September at the Grand Traverse Resort and Spa in Traverse City, Michigan.
ChoiceOne Bank is pleased to announce Ryan L. Wolthuis has joined the Grand Rapids team as Senior Vice President, Grand Rapids Market Executive.
“We are pleased to welcome Ryan to ChoiceOne Bank as our Grand Rapids Market Executive,” said ChoiceOne Bank CEO Kelly Potes. “Ryan is an experienced leader with a successful career in commercial banking. His financial expertise and leadership skills, along with his knowledge of the Grand Rapids market will prove valuable as we continue to grow our community bank franchise throughout Michigan.”
Wolthuis joins ChoiceOne Bank with nearly 20 years of commercial banking and executive management experience. He began his career at Kent Commerce Bank/Michigan Commerce Bank in Grand Rapids as a commercial Loan Officer/Commercial Credit Analyst and progressed to Market Executive.
ChoiceOne Financial Services, Inc. (NASDAQ: COFS) (“ChoiceOne”) today announced the completion of the merger of Community Shores Bank Corporation (“Community Shores”) with and into ChoiceOne, effective as of July 1, 2020. The combined organization is the 12th largest bank holding company in Michigan based on asset size, with approximately $1.7 billion in assets and 33 offices across Michigan.
ChoiceOne Financial Services, Inc. (NASDAQ: COFS) today announced the company has been added to the Russell 2000 Index.
As your local community bank, our focus is on our customers, employees, and the communities we serve. As we continue to monitor the spread of COVID-19 (Coronavirus), we want to share with you the steps we’ve taken to minimize the spread of the virus, and ease the financial burden this may cause.
As your local community bank, the health and safety of our customers, employees, and community are our top priority. We are monitoring recommendations regarding the situation with COVID-19 (the coronavirus) from the Centers of Disease Control and Prevention as well as our local health officials to best address this situation as it unfolds.
ChoiceOne Financial Services, Inc. (OTC: COFS) (“ChoiceOne”), the parent company of ChoiceOne Bank and County Bank Corp (OTC: CBNC) (“County”), the parent company of Lakestone Bank & Trust, jointly announced that at separate special meetings of shareholders held today, each company’s shareholders approved the proposed merger of equals in which County will merge with and into ChoiceOne. The combined holding company will be headquartered in Sparta, Michigan.