Retrieved on:
Wednesday, April 24, 2024
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Bank SPARTA, Mich., April 24, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended March 31, 2024.
Key Points:
- SPARTA, Mich., April 24, 2024 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended March 31, 2024.
- Average total loan balances increased to $1.41 billion in the first quarter of 2024 compared to $1.36 billion in the fourth quarter of 2023 and $1.20 billion in the first quarter of 2023.
- Net interest margin (fully tax-equivalent) in the first quarter of 2024 increased to 2.74%, compared to 2.72% in the fourth quarter of 2023, and declined from 3.09% in the first quarter of 2023.
- Fully tax-equivalent net interest income was $16.9 million in the first quarter of 2024 compared to $17.4 million in the first quarter of 2023.
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Tutoring SPARTA, Mich., Jan. 29, 2024 /PRNewswire/ -- ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") is pleased to announce they are now accepting applications for the Annual ChoiceOne Scholarship Program.
Key Points:
- SPARTA, Mich., Jan. 29, 2024 /PRNewswire/ -- ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") is pleased to announce they are now accepting applications for the Annual ChoiceOne Scholarship Program.
- ChoiceOne will award $1,000 scholarships to 12 students from the local communities the Bank serves in West and Southeastern Michigan.
- Candidates are selected from the communities ChoiceOne Bank serves in Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, Macomb, Oakland, and Genesee counties.
- The ChoiceOne Bank Scholarship Program is accepting applications from January 22 to March 25.
Retrieved on:
Thursday, December 21, 2023
LAPEER, Mich., Dec. 21, 2023 /PRNewswire/ -- ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") is pleased to announce its $55,000 contribution to the Kiwanis Club of Lapeer for their fundraising campaign to build the Kiwanis Inclusive Playground which will be located at Rowden Park in Lapeer.
Key Points:
- LAPEER, Mich., Dec. 21, 2023 /PRNewswire/ -- ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") is pleased to announce its $55,000 contribution to the Kiwanis Club of Lapeer for their fundraising campaign to build the Kiwanis Inclusive Playground which will be located at Rowden Park in Lapeer.
- "As the local community bank, ChoiceOne is excited to announce our $55,000 commitment to the Kiwanis Club of Lapeer's fundraising campaign to build the Kiwanis Inclusive Playground," said ChoiceOne President Michael J. Burke, Jr. "This playground will touch so many families in our communities, young and old.
- This is an exciting feature of the Kiwanis Inclusive Playground plan.
- The Kiwanis Club of Lapeer is currently in its fundraising stage for the playground and hopes to begin installation by 2025.
Retrieved on:
Thursday, December 14, 2023
SPARTA, Mich., Dec. 14, 2023 /PRNewswire/ -- ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") is pleased to announce a newly redesigned website that includes improved functionality, enhanced banking content and multiple accessibility tools all to provide a more enriched customer experience.
Key Points:
- SPARTA, Mich., Dec. 14, 2023 /PRNewswire/ -- ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") is pleased to announce a newly redesigned website that includes improved functionality, enhanced banking content and multiple accessibility tools all to provide a more enriched customer experience.
- "We are excited to announce our newly redesigned website as we close our 125th Anniversary Year," said ChoiceOne President Michael J. Burke, Jr. "As the local community bank, ChoiceOne has always taken the lead in providing innovative services and technology.
- To access our official ChoiceOne Bank website, make sure you are visiting choiceone.bank, and know that if it's not .bank, it's not ChoiceOne."
- Important Information About .BANK - All banks using '.bank' are verified and authenticated by fTLD Registry Services, LLC, the '.bank' administrator.
SPARTA, Mich., Oct. 27, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce ringing the Nasdaq Stock Market ("Nasdaq") opening bell Monday to commemorate its 125th Anniversary in 2023.
Key Points:
- SPARTA, Mich., Oct. 27, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce ringing the Nasdaq Stock Market ("Nasdaq") opening bell Monday to commemorate its 125th Anniversary in 2023.
- ChoiceOne Bank Celebrates 125th Anniversary by Ringing Nasdaq Stock Exchange Opening Bell on Monday, October 30.
- "As we celebrate our 125th Anniversary this year, we are thrilled to have the opportunity to ring the Nasdaq opening bell on Monday," said ChoiceOne CEO Kelly Potes.
- ChoiceOne will also share the event across ChoiceOne social media channels ChoiceOne Bank | Facebook , ChoiceOne Bank | LinkedIn and ChoiceOne Bank | Instagram .
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United States Treasury security SPARTA, Mich., July 26, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended June 30, 2023.
Key Points:
- SPARTA, Mich., July 26, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended June 30, 2023.
- Deposit outflows have stabilized in the second quarter of 2023 with monthly growth of deposits in May and June of 2023.
- The asset growth during the second quarter is due to an increase in cash of $21.6 million, an increase in core loans of $14.8 million or 4.9% annualized during the second quarter of 2023, and an increase in loans to other financial institutions of $38.8 million in second quarter of 2023.
- As a result, total cost of funds increased to 1.29% in the second quarter of 2023 compared to 0.79% in the first quarter of 2023 and 0.25% in the second quarter of 2022.
SPARTA, Mich., May 19, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce advancements in their Treasury Management services offering more sophisticated solutions for small, mid-sized and large business customers.
Key Points:
- SPARTA, Mich., May 19, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce advancements in their Treasury Management services offering more sophisticated solutions for small, mid-sized and large business customers.
- These advances include industry-leading technology to support customers' payment, reporting, and security needs supported by local experts in our Treasury Support team.
- "Celebrating our 125th Anniversary this year, ChoiceOne has built our reputation on providing customers innovative technologies and high-performing solutions," said ChoiceOne CEO Kelly J. Potes.
- "Today, our enhanced Treasury Management platform seamlessly supports the current demands of our business customers – large and small – as well as meet their long-term needs as they grow and require more advanced, sophisticated services."
Retrieved on:
Wednesday, April 26, 2023
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Bank SPARTA, Mich., April 26, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended March 31, 2023.
Key Points:
- SPARTA, Mich., April 26, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank, reported financial results for the quarter ended March 31, 2023.
- At the same time ChoiceOne saw deposits, excluding brokered deposits, decline $49.9 million in the first quarter of 2023 and $77.5 million compared to March 31, 2022.
- Total cost of funds increased to 0.79% in the first quarter of 2023 compared to 0.59% in the fourth quarter of 2022 and 0.21% in the first quarter of 2022.
- ChoiceOne launched an enhanced treasury services online platform for business clients during the first quarter of 2023.
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Online shopping SPARTA, Mich., Jan. 23, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce advancements in digital banking security.
Key Points:
- SPARTA, Mich., Jan. 23, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce advancements in digital banking security.
- "Customer security – both in personal and financial information – is always a top priority at ChoiceOne," said ChoiceOne CEO Kelly Potes.
- Transitioning our domain name to 'choiceone.bank' from 'choiceone.com' will provide additional security features giving our customers an even greater level of digital security today."
- A '.com' domain can be purchased by anyone, whereas the '.bank' domain is quickly verified that the website or email is authentically from ChoiceOne Bank.
Retrieved on:
Tuesday, January 17, 2023
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Small business SPARTA, Mich., Jan. 17, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce ChoiceOne will commemorate its Quasquicentennial Anniversary this year. September 5 will mark 125 years in which ChoiceOne has been in business as the local community bank in Michigan.
Key Points:
- SPARTA, Mich., Jan. 17, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce ChoiceOne will commemorate its Quasquicentennial Anniversary this year.
- "Celebrating our Quasquicentennial Anniversary is a tremendous milestone for our Bank," said ChoiceOne CEO Kelly Potes.
- "Looking back, the roots of ChoiceOne Bank run deep and wide with the incorporation of Sparta State Bank in 1898," explained ChoiceOne President Michael J. Burke, Jr. "Throughout the years, the Bank has grown, acquired other community banks, changed its name, rebranded, all to become one remarkable, innovative, community bank with a vision to be the best bank in Michigan.
- "ChoiceOne is extremely grateful to our customers, employees, shareholders, local Boards of Directors and our communities for making this historical anniversary a reality for our Bank in 2023," concluded Burke, Jr. "Stay tuned as we announce our exciting anniversary events."
