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ChoiceOne Bank Receives 2024 MBA Financial Literacy Award

ChoiceOne Bank (NASDAQ: COFS) (“ChoiceOne”) is honored to receive the Financial Literacy Award once again from the Michigan Bankers Association (MBA). ChoiceOne Vice President of Marketing, Danielle Chateauvert, accepted the 2024 award at the MBA Best Conference held recently in Traverse City.

“We are honored to receive the MBA Financial Literacy Award once again,” said ChoiceOne President Michael J. Burke, Jr. “As the local community bank, financial well-being is at the heart of all we do to improve and promote financial literacy in our communities. ChoiceOne Bank employees have always given their time nurturing the financial wellness of our families, farmers, businesses, and students of all ages. Our employees volunteer thousands of hours every year helping children and families become more financially stable and secure for their futures. ChoiceOne also donates hundreds of thousands of dollars every year to assist with financial literacy in the communities we serve.”

Pictured R-L: Danielle Chateauvert, Vice President Marketing of ChoiceOne Bank, receiving the award from Eric McKinney, Vice Chair of the MBA Marketing Committee.

Pictured L-R: Eric McKinney, Vice Chair of the MBA Marketing Committee presenting the award to Danielle Chateauvert, Vice President Marketing of ChoiceOne Bank

In 2023, ChoiceOne employees volunteered 4,307 hours to many local causes, many of which help families and businesses with financial literacy. In addition, ChoiceOne donated $301,031 to organizations throughout the communities within ChoiceOne’s footprint. More than half of these amounts are attributed to the financial literacy programs ChoiceOne supports in community schools, businesses, and nonprofits to encourage financial security and home ownership.

“The MBA Financial Literacy Award acknowledges our industry’s outstanding work in financial literacy education and what we provide to our customers and communities,” said Chateauvert. “ChoiceOne is recognized for the significant improvement we made in financial literacy education in 2023. Our award is based on four areas where ChoiceOne continues to make substantial inroads in financial literacy education based on our youth financial education programs, adult financial education and homebuyer programs, and small business education programs. We also include Plinqit – our goal-based savings tool that provides financial education for anyone over 18 years old.”

“ChoiceOne Bank continues our never-ending quest to support our families, community schools, businesses, and nonprofits to encourage financial wellness for all ages in the communities we serve across Michigan,” said Burke. “It has always been our philosophy that healthy families, farmers and businesses make for healthy communities. We are proud of the financial literacy commitments we continue to make in the communities we serve. We are also grateful for our ChoiceOne teams as they continue to fulfill our mission to provide superior service, quality advice and show our utmost respect to everyone we meet.”

 

About Michigan Bankers Association (MBA)

Founded in 1887, the Michigan Bankers Association (MBA) is a trade association of Michigan financial institutions which currently includes more than 2,300 branches located throughout the state with combined assets of over $150 billion. For more information see https://www.mibankers.com/.

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 35 offices in parts of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, Macomb, and Oakland counties. ChoiceOne is an approximately $2.6 billion-

asset bank holding company making it the eighth largest bank holding company in Michigan based on asset size. 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 choiceone.bank.

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