Welcome to our dedicated page for Fentura Finl news (Ticker: FETM), a resource for investors and traders seeking the latest updates and insights on Fentura Finl stock.
This page provides a historical news archive for Fentura Financial, Inc. (OTCQX: FETM), the former bank holding company for The State Bank in Michigan. The articles collected here document Fentura’s financial performance, strategic decisions, and its ultimate merger into ChoiceOne Financial Services, Inc.
News items include Fentura’s quarterly and annual earnings announcements, which detail net income, net interest income, credit loss expense or reversal, noninterest income, noninterest expenses, and key performance ratios such as return on average assets, return on average shareholders’ equity, efficiency ratio, and net interest margin. These releases also discuss trends in total assets, deposits, gross loans, borrowed funds, and shareholders’ equity, offering insight into the company’s balance sheet and asset quality over time.
The archive also contains dividend announcements for FETM common stock and management commentary on operating conditions, including interest rate environments, asset quality, loan growth, cost of funds, and balance sheet strategies. These disclosures describe how Fentura and The State Bank approached challenges in the banking environment while serving small business, commercial, and retail customers in their Michigan markets.
A significant portion of the news flow relates to the merger between Fentura Financial, Inc. and ChoiceOne Financial Services, Inc. Items include the initial announcement of the definitive merger agreement, shareholder approvals, regulatory approval from the Board of Governors of the Federal Reserve System, and the completion of the merger effective March 1, 2025. These articles explain that Fentura merged with and into ChoiceOne, with the combined organization operating under the ChoiceOne name and brand.
Investors, researchers, and community members can use this news history to understand Fentura’s role as the holding company for The State Bank, its financial trajectory, and the context leading up to its combination with ChoiceOne. For current developments after the merger, public disclosures direct attention to ChoiceOne Financial Services, Inc. (COFS).
On July 23, 2021, Fentura Financial, Inc. (OTCQX: FETM) announced a regular dividend of $0.08 per share for shareholders of record by August 2, 2021, payable on August 9, 2021. This reflects the company's commitment to returning value to its shareholders. Fentura, the holding company for The State Bank, operates 17 branches and offers comprehensive banking services including commercial, retail, and wealth management. The bank was recognized as one of the Best 50 performing stocks in 2018 on the OTCQX exchange.
Fentura Financial, Inc. has announced a definitive agreement to acquire Farmers State Bank for $15.5 million in cash. Each FSB shareholder will receive $103.33 per share. The acquisition will enhance Fentura's earnings per share by 12-14% annually over two years, though it will initially dilute tangible book value by 6.1%. Post-acquisition, Fentura will have 20 branches and aims to leverage increased market presence in Ingham and Jackson counties. The transaction is pending FSB shareholder and regulatory approvals, expected to close in Q4 2021.
Fentura Financial announces the appointment of Kelly Myers to its Board of Directors, enhancing its leadership team. Myers, a seasoned attorney with a focus on real estate and corporate law, brings extensive experience after founding Myers & Myers, PLLC. Her background includes affiliations with the State Bar of Michigan and the Michigan Bankers Association. Ron Justice, President and CEO, expressed confidence in her contributions, emphasizing her expertise and community representation. Fentura Financial, traded under FETM, operates The State Bank, a well-rated financial institution in Michigan with assets of $1.30 billion.
Fentura Financial announced key appointments in its leadership, with Brian Petty becoming Chairman of the Board and Ronald Rybar appointed as Vice Chair. Petty, an active community member and former Vice Chairman, brings over 20 years of board service experience. Rybar, a financial expert, fills the position previously held by Petty. Thomas McKenney continues as a Director, providing critical legal insights. Fentura Financial operates The State Bank, a full-service bank with assets of $1.30 billion as of March 31, 2021, and emphasizes its commitment to community service.
Fentura Financial (FETM) reported a net income of $4,656,000 for Q1 2021, marking a substantial increase from $3,352,000 in Q1 2020. The earnings per share stood at $1.00, and dividends increased to $0.08. The bank benefited from strong mortgage and business loan activities, with net interest income rising to $11,243,000. Asset quality remains high, with nonperforming loans at 0.79%. Although noninterest income fell by 14.6% year-over-year, the outlook remains optimistic.
Fentura Financial, Inc. (OTCQX: FETM) has declared a regular dividend of $0.08 per share for shareholders of record as of May 10, 2021, with a payment date set for May 17, 2021. This dividend reflects the company's commitment to returning value to its shareholders. Established in 1987, Fentura Financial is the holding company for The State Bank, a 5-Star Bauer Financial-rated institution operating 17 branches in Michigan. Recognized for strong performance, the bank was ranked #22 by S&P Global among banks under $2 billion in assets in 2019.
Fentura Financial, Inc. (FETM) reported a net income of $2,733 for Q4 2020 and $15,464 for the year, marking a 33.56% increase from 2019. Total assets stood at $1,251,343, with a net interest income of $40,055 for the year, reflecting strong operational resilience during the COVID-19 pandemic. The company emphasized its successful response strategies, including the provision of PPP loans and transitioning services to technology channels. Earnings per share reached $3.31 for 2020, signaling robust performance despite challenges.
Fentura Financial, Inc. (OTCQX: FETM) declared a regular dividend of $0.08 per share, payable on February 15, 2021 to shareholders of record as of February 8, 2021. Established in 1987, Fentura is the holding company for The State Bank, which operates 15 branches in Michigan and has been recognized for its strong performance. The State Bank is a 5-Star rated institution, ranking #22 by S&P Global among banks with assets under $2 billion. The bank offers a variety of financial services, including commercial and retail banking products.