Business
ChoiceOne Financial Services, Inc. and Fentura Financial, Inc. Complete Merger
ChoiceOne Financial Services, Inc., (NASDAQ: COFS) ("ChoiceOne"), today announced the completion of the merger of Fentura Financial, Inc. (OTCQX: FETM) ("Fentura") with and into ChoiceOne, effective as of March 1, 2025. The combined organization is a bank holding company with assets exceeding $4 billion and operates 56 offices across Michigan.
About this update from Choiceone Financial Services, Inc.
[{"type":"text","content":"SPARTA, Mich. and FENTON, Mich., March 3, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc., (NASDAQ: COFS) ("ChoiceOne"), today announced the completion of the merger of Fentura Financial, Inc. (OTCQX: FETM) ("Fentura") with and into ChoiceOne, effective as of March 1, 2025. The combined organization is a bank holding company with assets exceeding $4 billion and operates 56 offices across Michigan.","length":433,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/ChoiceOne Financial Services, I)","displaySize":"","headline":null,"caption":"(PRNewsfoto/ChoiceOne Financial Services, I)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":120,"url":"https://media.zenfs.com/en/prnewswire.com/7f00a12e93c1395f127015660e8344cd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/TNnutJNjxpM1hqiHWVRyEQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIxMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/7f00a12e93c1395f127015660e8344cd","width":400,"height":120}},"href":"https://mma.prnewswire.com/media/1169029/ChoiceOne_Financial_Services_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We are excited to welcome Fentura into our ChoiceOne family," said ChoiceOne CEO Kelly Potes. "Our acquisition of Fentura is a natural geographical and cultural fit for ChoiceOne and allows us to expand our community bank franchise further into Central and Southeastern Michigan. Our combined company offers greater range and capacity for commercial and consumer lending as well as leading advancements in technology. We believe ChoiceOne offers substantial opportunity for our collective communities, customers, and employees while adding significant value for our shareholders. ChoiceOne will offer small businesses and consumers in West, Central and Southeast Michigan an extensive line of products and services delivered through an enhanced retail network including digital and branch banking."","length":830,"tagName":"p"},{"type":"text","content":"The combined organization will be headquartered in Sparta, Michigan. The consolidation of The State Bank with and into ChoiceOne Bank is expected to be effective on March 14, 2025 and the consolidated bank will operate under the ChoiceOne name and brand.","length":260,"tagName":"p"},{"type":"text","co...