Welcome to our dedicated page for Choiceone Finl Svcs news (Ticker: COFS), a resource for investors and traders seeking the latest updates and insights on Choiceone Finl Svcs stock.
ChoiceOne Financial Services Inc. (NASDAQ: COFS) delivers community-focused banking solutions across Michigan through its subsidiary ChoiceOne Bank. This news hub provides investors and stakeholders with timely updates on financial developments, strategic initiatives, and market positioning for this established regional institution.
Access official press releases and curated analysis covering earnings reports, merger activities, and operational updates. Our collection includes details on COFS's lending practices, interest rate management strategies, and expansion efforts like the pending Fentura Financial merger that will significantly enhance its Michigan footprint.
Key coverage areas include quarterly financial results, leadership changes, product launches, and community impact initiatives. The page serves as a centralized resource for tracking COFS's performance in commercial lending, treasury services, and insurance offerings while maintaining compliance with financial disclosure standards.
Bookmark this page for ongoing access to verified information about ChoiceOne's market position, risk management approaches, and growth strategies. Check back regularly for updates that matter to informed investment decisions and regional economic analysis.
ChoiceOne Bank (NASDAQ: COFS) announces the addition of David Huisman as Vice President, Commercial Loan Officer, and the promotions of Josh Hucul, Jamie Sheffer, and Britney Herrygers. Huisman brings over 25 years of experience and will focus on commercial banking in the new Holland Loan Office. Hucul expands his role in lending technology, while Sheffer transitions to BSA and AML Investigator. Herrygers, as North Muskegon Branch Manager, will enhance customer service. ChoiceOne, with $2.4 billion in assets, operates across Michigan and offers diverse financial services.
ChoiceOne Financial Services, Inc. and its employees celebrated the impact of their Jean Day program, which raised funds for local nonprofits in 2022. Employees donate biweekly via paycheck deductions to support selected causes, promoting community engagement. Notable nonprofits benefited in both the West and East Markets, including Beautiful You by Profile and Habitat for Humanity. ChoiceOne, headquartered in Sparta, Michigan, is a significant player in the banking sector with approximately $2.4 billion in assets, recognized as one of America's Best Banks by Newsweek.
ChoiceOne Financial Services declared a cash dividend of $0.26 per share, payable to shareholders of record by December 15, 2022, and distributed on December 30, 2022. This reflects a $0.01 increase compared to previous dividends in the third quarter of 2022 and the fourth quarter of 2021. The company, a financial holding firm based in Sparta, Michigan, operates ChoiceOne Bank, which has 36 locations across several counties in Michigan. The stock is listed on NASDAQ under the symbol COFS.
ChoiceOne Financial Services (NASDAQ:COFS) reported net income of $5.81 million for Q3 2022, showing a slight increase from $5.75 million in Q3 2021. Diluted earnings per share rose to $0.77 from $0.75 year-over-year.
Core loans increased 19.6% annually, with total assets up $86.3 million since Q3 2021. Deposits grew by 7.2%. The bank plans to launch a new treasury services platform in 2023 and open a loan production office in Oakland County.
ChoiceOne Financial Services announces the retirement of Patrick A. Cronin from its Board of Directors, effective September 21, 2022. Cronin has served for nearly 30 years, contributing significantly to the organization. In his place, Michelle M. Wendling and Dr. Curt E. Coulter have been appointed to the board. Wendling is a Senior Director at PepsiCo, while Coulter is a physician with ties to community healthcare. ChoiceOne operates as a $2.4 billion asset bank holding company based in Sparta, Michigan, with 35 locations across various counties.
ChoiceOne Financial Services declared a cash dividend of $0.25 per share on its common stock. This cash dividend is payable on September 30, 2022 for shareholders of record as of September 15, 2022. The dividend remains consistent with the second quarter and third quarter dividends of 2021, showcasing the company’s stability in returning value to shareholders.
ChoiceOne Financial Services (NASDAQ: COFS) reported a net income of $5.615 million for Q2 2022, up from $5.043 million in Q2 2021. Diluted earnings per share increased to $0.75 from $0.65. Core loans grew by 23.8% annually, totaling $60.7 million, while total deposits rose 13.7% to $257.8 million year-over-year. However, total assets declined by $16.6 million from Q1 2022. The company plans to open a loan production office in Oakland County, MI, expanding its customer base.
ChoiceOne Financial Services, Inc. has declared a cash dividend of $0.25 per share on its common stock. This dividend is payable to shareholders on record as of June 15, 2022, with payments made on June 30, 2022. The dividend for Q2 2022 remains the same as Q1 2022, yet is $0.03 higher than the same period in 2021. Headquartered in Sparta, Michigan, ChoiceOne operates through its subsidiary, ChoiceOne Bank, and its common stock is traded on the NASDAQ under the symbol COFS.
ChoiceOne Financial Services, Inc. (COFS) reported a net income of $5.5 million, or $0.74 per diluted share for Q1 2022, down from $6.2 million or $0.80 per diluted share in Q1 2021. Total assets grew by $10.1 million quarterly and $306.7 million year-over-year. Core deposits increased by $93.3 million (18.2% annualized growth) and core loans by $35.2 million (14.3% annualized growth). However, total noninterest income declined $299,000 from the previous quarter. Shareholders' equity fell to $191.1 million primarily due to unrealized losses from securities.
ChoiceOne Financial Services has declared a cash dividend of $0.25 per share, which is payable to shareholders on March 31, 2022. Shareholders must be on record by March 15, 2022 to qualify for this dividend. This payment is consistent with the previous quarter's dividend and reflects a $0.03 increase compared to the same period last year. The company, based in Sparta, Michigan, operates through its subsidiary, ChoiceOne Bank, and provides various financial services.
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