ChoiceOne Bank Awards Scholarships to 19 High School Seniors

Rhea-AI Summary

ChoiceOne Bank (NASDAQ: COFS) awarded 19 needs-based scholarships to graduating high school seniors across its Michigan service area through the Annual ChoiceOne Scholarship Program.

Each student receives a one-time $1,000 scholarship for fall 2026 studies at an accredited Michigan college or certificate program.

News Market Reaction – COFS

+2.79%

+2.79% Session close to close

In the Jun 4 session, COFS gained 2.79%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights ChoiceOne’s ongoing community engagement through 19 scholarships of $1,...

Analysis

This announcement highlights ChoiceOne’s ongoing community engagement through 19 scholarships of $1,000 each, awarded from over 320 applicants across Michigan. It follows earlier communications on the same 2026 scholarship cycle and other community grants. From a capital-markets perspective, investors may also note the recently filed $100,000,000 shelf registration on May 22, 2026, along with steady earnings and asset-quality metrics reported in recent filings as key items to watch.

Key Figures

Scholarship recipients: 19 students Scholarship amount: $1,000 Total applicants: over 320 applicants +5 more

8 metrics

Scholarship recipients 19 students Annual ChoiceOne Scholarship Program 2026 awards

Scholarship amount $1,000 One-time scholarship per recipient for first year of college

Total applicants over 320 applicants High school seniors and equivalents applying for 2026 scholarships

Essay length 500 words or fewer Essay describing a community service experience

Application window start January 5 Opening date for scholarship applications

Application window end March 8 Deadline for scholarship applications

College start fall 2026 Intended enrollment term at accredited Michigan colleges

High schools listed 19 schools Michigan high schools represented among scholarship recipients

Historical Context

4 past events · Latest: Apr 24 (Positive)

Pattern 4 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 24	Q1 2026 earnings	Positive	+2.0%	Reported Q1 2026 net income of $13.704M and EPS of $0.91.
Jan 30	Q4 2025 earnings	Positive	-2.9%	Announced Q4 and full-year 2025 net income and EPS metrics.
Jan 27	Scholarship launch	Neutral	+0.8%	Opened 2026 scholarship applications for 19 $1,000 student awards.
Jan 22	Community grant	Positive	+0.7%	Awarded $1M housing grant with FHLB Indianapolis to expand sober housing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent earnings and community-focused news have generally seen modest, mixed price reactions, with one earnings event selling off despite positive fundamentals.

Recent Company History

Over the last several months, COFS reported solid results, including Q1 2026 net income of $13.704M and EPS of $0.91, and highlighted a stable asset-quality profile around $4.4B in assets. Community initiatives featured a $1M housing grant and the 2026 scholarship cycle announcement on Jan 27. Those community items saw small positive moves, while the Jan 30 earnings release drew a modest decline, underscoring mixed trading responses.

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SPARTA, Mich., June 4, 2026 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce the recipients of 19 scholarships awarded through the Annual ChoiceOne Scholarship Program. The program provides needs-based scholarships to graduating seniors in the Michigan communities the Bank serves.

"ChoiceOne has proudly offered this program for many years," said ChoiceOne Vice President, Marketing Danielle Chateauvert. "As we have expanded across the state, we have also increased the number of scholarships awarded to high school seniors. This year, we are awarding 19 scholarships to reflect our continued commitment to the communities we serve throughout Michigan."

ChoiceOne created the Scholarship Program to encourage and reward graduating seniors who plan to attend an accredited Michigan college in the fall of 2026 to pursue a certificate, associate degree, or bachelor's degree. Each recipient will receive a one-time scholarship of $1,000 to support their first year of college or certificate program. These 19 recipients stood out from over 320 applicants that submitted an essay.

• Cody Gernhard – Allendale High School
• Sophia Matheney – Armada High School
• Emily Barbeau – Bay City Western High School
• Colter Kashian – Brighton High School
• Noah Kaplan – Caledonia High School
• Oscar Gomez-Gutierrez – City High-Middle School
• Nolan Carr – Corunna High School
• Emma Pagliaroli – Dakota High School
• Eviana Fulton – Fenton Senior High School
• Aneko Nichol – Fraser High School
• Simon Tunney – Fremont High School
• Megan Mangalathet – Gene L. Klida Utica Academy for International Studies
• Lilly Goss – Kearsley High School
• Gavin Wandrie – Lapeer High School
• Madelyn Pullum – Linden High School
• James Baur – Morrice High School
• Mallorie Messer – Reeths-Puffer High School
• Emma Besemer – Sparta High School
• Mason Poulsen – Yale High School

ChoiceOne Scholarship applications were accepted from January 5 through March 8. Applicants were asked to submit an essay of 500 words or fewer describing a community service experience, including why they became involved, who benefited from the service, and what they learned through the experience. Eligible applicants included graduating high school seniors, GED recipients, and homeschool students with documentation of high school equivalency and college eligibility during the current calendar year.

"As the locally owned community bank, we believe families are the heart of our communities, and today's high school seniors are the next generation of leaders," said Chateauvert. "This program gives students an opportunity to recognize the value of being raised and educated in supportive communities. We hope many of these students will one day return to their hometowns to raise their own families and continue the tradition of community service."

About ChoiceOne
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan, with assets of approximately $4.4 billion, and the parent corporation of ChoiceOne Bank. Member FDIC. ChoiceOne Bank operates 54 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/choiceone-bank-awards-scholarships-to-19-high-school-seniors-302791804.html

SOURCE ChoiceOne Bank

FAQ

What did ChoiceOne Bank (NASDAQ: COFS) announce on June 4, 2026 about scholarships?

ChoiceOne Bank announced it awarded 19 needs-based scholarships to Michigan high school seniors. According to ChoiceOne, each recipient will receive a one-time $1,000 scholarship for fall 2026 study at an accredited Michigan college or certificate program.

How much is each ChoiceOne Bank COFS scholarship worth for 2026 graduates?

Each ChoiceOne scholarship is worth a one-time $1,000 award for first-year studies. According to ChoiceOne, funds support tuition or expenses at accredited Michigan colleges or certificate programs starting in the fall 2026 academic term.

Who is eligible for the 2026 ChoiceOne Bank COFS scholarship program?

Eligible applicants include graduating high school seniors, GED recipients, and homeschool students with proof of high school equivalency. According to ChoiceOne, students must be college-eligible in the current calendar year and plan to attend an accredited Michigan college in fall 2026.

How many students received ChoiceOne Bank scholarships in 2026 and from how many applicants?

Nineteen students received scholarships out of more than 320 applicants for 2026. According to ChoiceOne, these 19 recipients were selected after submitting essays describing a community service experience, including their involvement, beneficiaries, and lessons learned.

What essay requirements did ChoiceOne Bank set for the 2026 COFS scholarship applicants?

Applicants had to submit an essay of 500 words or fewer describing a community service experience. According to ChoiceOne, the essay needed to explain why they got involved, who benefited from the service, and what they learned from the experience.

When were applications open for the 2026 ChoiceOne Bank scholarship program?

Applications were accepted from January 5 through March 8 for the 2026 scholarship cycle. According to ChoiceOne, this application window applied to eligible high school seniors, GED recipients, and homeschool students in the Michigan communities the bank serves.