Chairman Jack G. Hendon Retires from ChoiceOne Boards of Directors, Gregory A. McConnell Appointed Chairman of ChoiceOne Boards of Directors, Roxanne M. Page Appointed Vice Chairwoman of ChoiceOne Boards of Directors

Rhea-AI Summary

ChoiceOne Financial Services (NASDAQ: COFS) announces key leadership changes in its Board of Directors. Chairman Jack G. Hendon will retire effective July 5, 2025, after serving since 2013 and as Chairman since 2021. Gregory A. McConnell, a director since 2019 with over 30 years of banking experience, will succeed as Chairman. Roxanne M. Page, a director since 2010 and CPA at Doeren Mayhew, has been appointed Vice Chairwoman.

Hendon, a CPA and co-founder of H&S Companies, P.C., is retiring under the company's mandatory retirement policy. McConnell brings extensive business and insurance experience, having previously served as Chairman of Capac Bancorp Inc. and as a State Farm Insurance Agent. Page's appointment leverages her substantial accounting and finance expertise.

Positive

• Smooth leadership transition with experienced successors already familiar with the company
• New Chairman McConnell brings over 30 years of banking experience and extensive business background
• Vice Chairwoman Page provides strong financial oversight with her CPA background and long tenure since 2010

Negative

• Loss of Hendon's extensive accounting and finance expertise from the board
• Potential disruption in board dynamics with new leadership structure

SPARTA, Mich., May 21, 2025 /PRNewswire/ -- The Boards of Directors of ChoiceOne Financial Services, Inc. (NASDAQ: COFS) ("ChoiceOne"), and ChoiceOne Bank announce the retirement of Chairman Jack G. Hendon from the Boards of Directors of ChoiceOne and ChoiceOne Bank effective July 5, 2025. Hendon is retiring pursuant to ChoiceOne's mandatory retirement policy for directors.

"It is with sincere appreciation that we announce the retirement of our Chairman of the Boards, Jack Hendon," said ChoiceOne CEO Kelly Potes. "We have had the honor to work with Jack for the last 12 years. His extensive expertise in accounting and finance have been invaluable to our organization throughout the years. We will miss Jack's keen vision and guidance, and we wish him, and his wife Cindy, the best in retirement."

Jack G. Hendon was appointed as a director of ChoiceOne and ChoiceOne Bank in August 2013 and was appointed Chairman of the Boards of Directors of both entities in December 2021. Hendon is a Certified Public Accountant, and co-founder and partner at H&S Companies, P.C., an independently owned accounting and consulting firm.

Hendon has served on the boards for the Fremont Area Community Foundation, Spectrum Gerber Hospital Foundation and the Newaygo County Area Promise Zone. He is a former director and audit committee chair of Fremont Michigan InsuraCorp, formerly an SEC reporting company. Hendon received his bachelor's degree from Michigan State University, East Lansing.

The Boards of Directors announce the appointment of Gregory A. McConnell as Chairman of the Boards of Directors and Roxanne M. Page as Vice Chairwoman of the Boards of Directors, both effective July 5, 2025.

Gregory A. McConnell was appointed as a director of ChoiceOne and ChoiceOne Bank in October 2019, following the merger of County Bank Corp. into ChoiceOne. He previously worked as a State Farm Insurance Agent, retiring in 2017. He holds a bachelor's degree from Ferris State University. McConnell previously served as a director of County Bank Corp., the parent company of Lakestone Bank & Trust, since 2016. Before that, he was Chairman of Capac Bancorp Inc., the parent company of CSB Bank, starting in 1992.

McConnell is a former Chairman of the Capac Downtown Development Authority and has served as a St. Clair County Commissioner, on the St. Clair County RESA School Board, the St. Clair County Central Dispatch Board, and the St. Clair County Emergency Management Board. He is also a partner in Capac Auto Sales, Inc. and G & K2, LLC. McConnell's extensive business and insurance experience, along with more than 30 years of service as an outside bank director and former community bank chairman, qualify him to serve as Chairman of the Boards.

Roxanne M. Page was appointed as a director of ChoiceOne and ChoiceOne Bank in August 2010 and served as Vice Chairwoman of the Board of Directors of ChoiceOne Bank from December 2013 until the merger with County Bank Corp. in October 2019. Page is a Certified Public Accountant with Doeren Mayhew, a certified public accounting, audit, tax and business advisory firm.

Page served as a director for the Wolverine Worldwide YMCA Advisory Board until 2013. She is qualified to serve as Vice Chairwoman of the Boards of Directors by virtue of her substantial accounting and finance expertise and experience.

About ChoiceOne
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan, with assets over $4 billion, and the parent corporation of ChoiceOne Bank. Member FDIC. ChoiceOne Bank operates 56 offices in West, Central and Southeast Michigan. 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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SOURCE ChoiceOne Financial Services, Inc.

FAQ

Who is the new Chairman of ChoiceOne Financial Services (COFS)?

Gregory A. McConnell, a director since 2019 with over 30 years of banking experience, will become Chairman of ChoiceOne Financial Services effective July 5, 2025.

Why is Jack Hendon retiring from ChoiceOne's Board of Directors?

Jack Hendon is retiring pursuant to ChoiceOne's mandatory retirement policy for directors, effective July 5, 2025, after serving as a director since 2013 and as Chairman since 2021.

Who is the new Vice Chairwoman of ChoiceOne Financial Services (COFS)?

Roxanne M. Page, a Certified Public Accountant with Doeren Mayhew who has served as a director since 2010, has been appointed Vice Chairwoman effective July 5, 2025.

What is Gregory McConnell's background before joining ChoiceOne (COFS)?

McConnell was a State Farm Insurance Agent until 2017, served as Chairman of Capac Bancorp Inc. since 1992, and has over 30 years of experience as an outside bank director and former community bank chairman.