ChoiceOne Financial Services, Inc. Listed on Russell 2000 Index

Rhea-AI Summary

ChoiceOne Financial Services, Inc. (NASDAQ: COFS) is now part of the Russell 2000 Index, announced on June 29, 2020. This addition highlights the company's growing market relevance as it expands its community bank operations in Michigan. As a $1.5 billion asset bank holding company, ChoiceOne operates 29 offices, making it the 12th largest bank holding company in Michigan by asset size. CEO Kelly Potes expressed optimism about the index inclusion, viewing it as a prestigious benchmark for the company.

Positive

• Inclusion in the Russell 2000 Index enhances market visibility.
• Demonstrates growth potential in the community bank sector.
• Strengthened investor confidence due to index membership.

Negative

• None.

SPARTA, Mich., June 29, 2020 /PRNewswire/ -- ChoiceOne Financial Services, Inc. (NASDAQ: COFS) today announced the company has been added to the Russell 2000 Index.  

"We are extremely pleased to be added on the Russell 2000 Index," said ChoiceOne Financial Services, Inc. Chief Executive Officer Kelly Potes. "This is a prestigious benchmark for ChoiceOne and gives our investors a more detailed view of our market relevance as we grow our community bank franchise across Michigan."

ChoiceOne is approximately a $1.5 billion-asset bank holding company with 29 offices serving West and Southeastern Michigan. It is the 12^th largest bank holding company in Michigan based on asset size. 

About ChoiceOne
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the parent corporation of ChoiceOne Bank. Member FDIC. ChoiceOne Bank operates 29 offices in parts of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair and Macomb counties.  ChoiceOne Bank offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc. ChoiceOne Financial Services, Inc. common stock is quoted on the Nasdaq Capital Market under the symbol "COFS." For more information, please visit Investor Relations at ChoiceOne's website at www.choiceone.com.

 

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SOURCE ChoiceOne Financial Services, Inc.

FAQ

What does the inclusion in the Russell 2000 Index mean for COFS?

Inclusion in the Russell 2000 Index increases visibility and signifies market relevance for ChoiceOne Financial Services.

When was ChoiceOne Financial Services added to the Russell 2000 Index?

ChoiceOne Financial Services was added to the Russell 2000 Index on June 29, 2020.

What is the asset size of ChoiceOne Financial Services?

ChoiceOne Financial Services has approximately $1.5 billion in assets.

How many offices does ChoiceOne Bank operate?

ChoiceOne Bank operates 29 offices across Michigan.

What is the stock symbol for ChoiceOne Financial Services?

The stock symbol for ChoiceOne Financial Services is COFS.