#United States #Michigan #Sparta #ChoiceOne #Fentura

ChoiceOne Financial Services Joins Forces with Fentura Financial

On March 1, 2025, ChoiceOne Financial Services, Inc. (NASDAQ: COFS) proudly announced the successful completion of its merger with Fentura Financial, Inc. (OTCQX: FETM). This significant milestone not only fosters the growth of the two entities but also launches a formidable bank holding company boasting over $4 billion in assets. With 56 branches spread across Michigan, the combined organization is poised to offer expanded services and resources to its customer base.

A Vision for Enhanced Community Banking

Kelly Potes, CEO of ChoiceOne, expressed enthusiasm about the union, highlighting the natural alignment of geographical and cultural attributes between the two financial institutions. The merger serves as a strategic leap, marking ChoiceOne's further penetration into Central and Southeastern Michigan. "This merger will empower us to serve both small businesses and consumers more effectively," Potes stated, emphasizing the amplified capacity for commercial and consumer lending.

The collaboration sets forth an upgraded retail banking network, incorporating the latest advancements in technology. With a commitment to innovation, the newly formed entity under the ChoiceOne brand promises a comprehensive suite of products and services tailored to meet the needs of diverse community sectors.

Impacts on Local Economies

The integration of services is expected to significantly benefit the local economies by broadening the financial products and solutions available to residents and business owners alike. ChoiceOne Bank and The State Bank, which will be consolidated under the ChoiceOne name, aim to ensure that their expanded reach translates into tangible value for their clients. This is a clear indication of the bank’s dedication to fostering economic growth within the regions it serves, with a focus on creating lasting relationships built on trust and community engagement.

Next Steps and Future Plans

As part of the merger proceedings, the consolidation of The State Bank into the ChoiceOne branding is anticipated to be finalized on March 14, 2025. Following this merger, ChoiceOne’s leadership aims to optimize branch locations and technology platforms, placing a heightened focus on delivering exceptional customer experiences.

In addition to the enhanced local presence, there will be an introduction of a robust digital and branch banking integration, giving customers the flexibility and efficiency they desire in today’s fast-paced financial landscape. The promised innovations will cater to the growing demand for seamless banking experiences, especially in areas where digital access has become paramount.

ChoiceOne’s financial trajectory appears promising as it undertakes this transformative journey. By aligning with Fentura, the company is set to redefine its role in the banking sector while contributing positively to the communities it serves.

For more details on this significant development, individuals can visit ChoiceOne's Investor Relations. As ChoiceOne embraces this new era, it stands ready to deliver extensive benefits and services to its collective community, customers, and shareholders, ensuring that financial wellness remains at the forefront of its mission.

Conclusion

The merger between ChoiceOne Financial and Fentura Financial marks a pivotal moment in the banking sector in Michigan. This union not only enhances the entities involved but also holds immense potential for economic development in the serviced communities. As both corporations embark on this new chapter, they invite customers and stakeholders to engage in their growth story, reinforcing the belief that together, they can achieve greater heights and make a pronounced difference within the Michigan banking landscape.