COFS - ChoiceOne Financial Services, Inc.

Corporate Profile

ChoiceOne Financial Services, Inc. is the holding company for ChoiceOne Bank headquartered in Sparta, Michigan. ChoiceOne has always taken the lead in providing innovative services and technology. The bank’s customers have come to rely on digital banking including mobile banking, mobile deposits, innovative payroll solutions, online loan applications, online account opening, and digital mobile savings tools.

The bank originates commercial and consumer loans primarily on a secured basis to corporations, partnerships, and individuals. Commercial loans include business, industry, agricultural, construction, inventory, and real estate loans. The consumer loan department makes direct and indirect loans to consumers and purchasers of residential and real property. It originates and sells conventional type mortgage loans for one- to four-family and multifamily residential real estate properties.

ChoiceOne serves corporations, partnerships, and individuals located primarily in the Kent, Muskegon, Newaygo, Ottawa, Lapeer, St. Clair, and Macomb counties in Michigan. It operates thirty-one full-service offices, Wealth Management office, Port Huron Loan office, Macomb County Loan office, and Grand Rapids Loan Office.

The bank also operates an independent insurance agency, which offers various insurance products for personal and business needs.

ChoiceOne Financial Services, Inc. was founded in 1898.

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Who is ChoiceOne Bank?

For over a century, we’ve been committed to seeing West Michigan grow, our neighbors prosper, and our employees enjoy a meaningful career. We believe this is our responsibility as the community bank in Michigan: to honor those that trust us with their livelihood.

Events

Virtual Shareholder Meeting

WEDNESDAY, MAY 24, 2023 9:00am EST

The Shareholder Meeting will be held virtually.

Details and instructions for attendance will be posted shortly.

Contact Information

Thank you for your interest in ChoiceOne Financial Services, Inc. Please use the contacts below if you have any comments or questions.

ChoiceOne Financial Services, Inc.

109 East Division Street

P.O. Box 186

Sparta, MI 49345-0186

(616) 887-7366

Investor Relations Contact

Mr. Adom Greenland

[email protected]

Transfer Agent

Continental Stock Transfer & Trust Company

1 State Street Plaza, 30th Floor

New York, NY 10004-1561

(212) 509-4000

Additional Resources

As we look forward, we will continue to work through the challenges brought on by the ongoing pandemic and focus on the opportunities we believe our larger footprint now affords us. Our new scale allows us to serve our customers well and focus on growing our community bank franchise in Michigan. We are prepared for opportunities ahead. Below are several additional resources.

Annual Meeting Information

We will always look upon 2020 as the year of the COVID-19 pandemic. Yet, it is during this year that challenge and opportunity went hand in hand. ChoiceOne continued to report strong net income because of our ability to remain nimble, resilient and mindful.

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Corporate Ethics Policy

To merit and maintain the complete confidence of its customers and public, each employee, officer and director must conduct personal affairs and manage his business transactions in a manner, which does not result in adverse criticism from the public, or in any way damage ChoiceOne’s reputation as a responsible financial services provider.

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Edgar Filings

EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, is the primary system for companies and others submitting documents under the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, and the Investment Company Act of 1940.

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Committee Charters

Audit Committee Charter (pdf)
Personnel and Benefits Committee Charter (pdf)
Governance and Nominating Committee Charter (pdf)
Risk Committee Charter (pdf)

Latest Annual Meeting

Awards

ChoiceOne Bank has been referenced in local and national media outlets hundreds of times for various reasons that consist of, but are not limited to awards, sponsorships, innovation, and countless hours devoted to the communities we serve as an organization. This media coverage has helped us establish ChoiceOne Bank’s status as a tech-savvy community focused bank. Learn more on our awards page.

Investor Relations