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An update from ChoiceOne Financial Services ( (COFS) ) is now available.
ChoiceOne Financial Services, Inc. and Fentura Financial, Inc. announced shareholder approval for their merger, with ChoiceOne continuing as the surviving corporation. The merger, which received strong shareholder support, is expected to create efficiencies and growth opportunities, positioning the combined entity as the third-largest publicly traded bank holding company in Michigan with $4.3 billion in assets and 56 offices. The transaction is anticipated to close in the first quarter of 2025, contingent upon regulatory approvals and customary closing conditions.
More about ChoiceOne Financial Services
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan, and the parent corporation of ChoiceOne Bank, which offers insurance and investment products. It is an approximately $2.6 billion-asset bank holding company, making it the eighth largest in Michigan. The company operates 35 offices in several counties and is listed on the Nasdaq Capital Market under the symbol ‘COFS’. Fentura Financial, Inc. is the holding company for The State Bank, a commercial, retail, and trust bank headquartered in Fenton, Michigan, with 21 offices. It offers a wide range of banking and advisory services and is listed on the OTCQX exchange under the symbol ‘FETM’.
YTD Price Performance: 30.24%
Average Trading Volume: 35,680
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $331.8M
For detailed information about COFS stock, go to TipRanks’ Stock Analysis page.
