ChoiceOne Financial Services, Inc. and Fentura Financial, Inc. Complete Merger
ChoiceOne Financial Services (NASDAQ: COFS) has completed its merger with Fentura Financial effective March 1, 2025. The combined organization emerges as a significant bank holding company with over $4 billion in assets and 56 offices across Michigan.
The merged entity will be headquartered in Sparta, Michigan, with The State Bank's consolidation into ChoiceOne Bank scheduled for March 14, 2025. The consolidated bank will operate under the ChoiceOne name and brand, expanding its community bank franchise into Central and Southeastern Michigan.
The merger enhances ChoiceOne's commercial and consumer lending capabilities while advancing technological offerings. The combined organization aims to provide an extensive range of products and services through an enhanced retail network, including digital and branch banking solutions.
ChoiceOne Financial Services (NASDAQ: COFS) ha completato la sua fusione con Fentura Financial, effettiva dal 1 marzo 2025. L'organizzazione combinata emerge come una significativa holding bancaria con oltre 4 miliardi di dollari in attivi e 56 uffici in Michigan.
L'entità fusa avrà sede a Sparta, Michigan, con la fusione della State Bank in ChoiceOne Bank prevista per il 14 marzo 2025. La banca consolidata opererà sotto il nome e il marchio ChoiceOne, espandendo il suo franchise di banca comunitaria nel Michigan centrale e sud-orientale.
La fusione migliora le capacità di prestito commerciale e al consumo di ChoiceOne, avanzando nel contempo le offerte tecnologiche. L'organizzazione combinata mira a fornire un'ampia gamma di prodotti e servizi attraverso una rete di vendita al dettaglio potenziata, inclusi soluzioni bancarie digitali e in filiale.
ChoiceOne Financial Services (NASDAQ: COFS) ha completado su fusión con Fentura Financial a partir del 1 de marzo de 2025. La organización combinada surge como una importante compañía de tenencia bancaria con más de 4 mil millones de dólares en activos y 56 oficinas en Michigan.
La entidad fusionada tendrá su sede en Sparta, Michigan, con la consolidación de The State Bank en ChoiceOne Bank programada para el 14 de marzo de 2025. El banco consolidado operará bajo el nombre y la marca ChoiceOne, expandiendo su franquicia de banco comunitario en el centro y sureste de Michigan.
La fusión mejora las capacidades de préstamos comerciales y de consumo de ChoiceOne, al tiempo que avanza en las ofertas tecnológicas. La organización combinada tiene como objetivo proporcionar una amplia gama de productos y servicios a través de una red de venta al por menor mejorada, incluidas soluciones de banca digital y en sucursales.
ChoiceOne Financial Services (NASDAQ: COFS)는 2025년 3월 1일부터 Fentura Financial와의 합병을 완료했습니다. 통합된 조직은 40억 달러 이상의 자산과 미시간주에 56개의 사무소를 가진 중요한 은행 지주 회사로 떠오릅니다.
합병된 법인은 미시간주 스파르타에 본사를 두며, ChoiceOne Bank로의 The State Bank 통합은 2025년 3월 14일로 예정되어 있습니다. 통합된 은행은 ChoiceOne이라는 이름과 브랜드로 운영되며, 미시간 중부 및 남동부 지역으로 커뮤니티 은행 프랜차이즈를 확장합니다.
이번 합병은 ChoiceOne의 상업 및 소비자 대출 능력을 향상시키고, 기술적 제안을 발전시킵니다. 통합된 조직은 디지털 및 지점 은행 솔루션을 포함한 향상된 소매 네트워크를 통해 광범위한 제품 및 서비스를 제공하는 것을 목표로 합니다.
ChoiceOne Financial Services (NASDAQ: COFS) a finalisé sa fusion avec Fentura Financial, effective le 1er mars 2025. L'organisation combinée émerge comme une importante société de holding bancaire avec plus de 4 milliards de dollars d'actifs et 56 bureaux dans le Michigan.
L'entité fusionnée aura son siège à Sparta, Michigan, avec la consolidation de la State Bank dans ChoiceOne Bank prévue pour le 14 mars 2025. La banque consolidée opérera sous le nom et la marque ChoiceOne, étendant sa franchise de banque communautaire dans le centre et le sud-est du Michigan.
La fusion renforce les capacités de prêt commercial et aux consommateurs de ChoiceOne tout en faisant progresser les offres technologiques. L'organisation combinée vise à fournir une large gamme de produits et de services à travers un réseau de vente au détail amélioré, y compris des solutions de banque numérique et en agence.
ChoiceOne Financial Services (NASDAQ: COFS) hat seine Fusion mit Fentura Financial zum 1. März 2025 abgeschlossen. Die kombinierte Organisation tritt als bedeutendes Bankholding-Unternehmen mit über 4 Milliarden Dollar an Vermögenswerten und 56 Niederlassungen in Michigan auf.
Die fusionierte Einheit wird ihren Hauptsitz in Sparta, Michigan haben, wobei die Konsolidierung der State Bank in die ChoiceOne Bank für den 14. März 2025 geplant ist. Die konsolidierte Bank wird unter dem Namen und der Marke ChoiceOne tätig sein und ihr Community-Bank-Franchise in Zentral- und Südost-Michigan ausbauen.
Die Fusion verbessert die gewerblichen und privaten Kreditvergabemöglichkeiten von ChoiceOne und fördert gleichzeitig technologische Angebote. Die kombinierte Organisation hat das Ziel, ein umfangreiches Angebot an Produkten und Dienstleistungen über ein verbessertes Einzelhandelsnetz bereitzustellen, einschließlich digitaler und Filialbanklösungen.
- Assets exceed $4 billion post-merger
- Expanded presence with 56 offices across Michigan
- Enhanced commercial and consumer lending capacity
- Geographic expansion into Central and Southeast Michigan
- Improved technological capabilities
- None.
"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
The combined organization will be headquartered in
About ChoiceOne
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in
Forward-Looking Statements
This press release contains forward-looking statements. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "is likely," "plans," "predicts," "projects," "may," "could," "look forward," "continue", "future" and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements reflect current beliefs as to the expected outcomes of future events and are not guarantees of future performance. These statements involve certain risks, uncertainties and assumptions ("risk factors") that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. Therefore, actual results and outcomes may materially differ from what may be expressed, implied or forecasted in such forward-looking statements. Furthermore, ChoiceOne does not undertake any obligation to update, amend, or clarify forward-looking statements, whether as a result of new information, future events, or otherwise. Risk factors include, but are not limited to, the risk factors described in Item 1A in ChoiceOne's Annual Report on Form 10-K for the year ended December 31, 2023, and in any of ChoiceOne's subsequent SEC filings, which are available on the SEC's website, www.sec.gov.
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SOURCE ChoiceOne Financial Services, Inc.
FAQ
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