Fentura Finl Stock Price, News & Analysis

Fentura Financial, Inc. (OTCQX: FETM) was a bank holding company and the parent of The State Bank, a commercial, retail and trust bank headquartered in Fenton, Michigan. According to company and transaction disclosures, Fentura Financial, Inc. was formed in 1987 and operated as the holding company for The State Bank, which focused on serving customers in multiple Michigan counties through a community banking model.

The State Bank provided a full array of consumer, mortgage, Small Business Administration (SBA), commercial and wealth management banking and advisory services. Public disclosures describe the bank as working to help create better lives, better businesses, and better communities through its banking services and through philanthropic and volunteer support to organizations and groups within the communities it served.

Fentura Financial, Inc. and The State Bank operated a network of full-service offices and a loan production center in Michigan. Company announcements state that The State Bank operated 20 full-service offices and one loan production center serving Bay, Genesee, Ingham, Jackson, Livingston, Oakland, Saginaw, and Shiawassee counties. Other disclosures describe 21 offices serving Bay, Genesee, Ingham, Livingston, Oakland, Saginaw, and Shiawassee counties, reflecting the evolution of its footprint over time.

As a commercial banking organization, Fentura Financial, Inc. generated results through interest income, interest expense, and noninterest income and expenses at the consolidated level. Its public earnings releases detail net interest income, credit loss expense or reversal, noninterest income, noninterest expenses, and federal income tax expense, resulting in net income for each reporting period. These disclosures also highlight metrics such as net interest margin to average earning assets, efficiency ratio, return on average assets, return on average shareholders’ equity, and asset quality ratios.

The company’s financial reports emphasize asset quality, including nonperforming loans to gross loans, nonperforming assets to total assets, allowance for credit losses to gross loans, and net charge-offs or recoveries to average gross loans. They also include capital ratios such as total capital to risk weighted assets, Tier 1 capital to risk weighted assets, Common Equity Tier 1 (CET1) capital to risk weighted assets, and the Tier 1 leverage ratio. These measures provide insight into the risk profile and capital position of the banking organization over time.

Fentura Financial, Inc. also reported tangible book value per share, dividends per share, and quoted market value ranges (high, low, and closing prices) for its common stock on the OTCQX exchange. The company’s disclosures show trends in total assets, total deposits, borrowed funds, total shareholders’ equity, and gross loans across multiple periods, illustrating how its balance sheet changed over time.

In addition to its operating profile as a bank holding company, Fentura Financial, Inc. has a significant corporate development event. Public announcements from ChoiceOne Financial Services, Inc. state that Fentura Financial, Inc. and ChoiceOne entered into a definitive merger agreement under which Fentura would merge with and into ChoiceOne in an all-stock transaction. Subsequent disclosures report that shareholders of both companies approved the merger and that regulatory approval was received from the Board of Governors of the Federal Reserve System.

According to a joint announcement dated March 3, 2025, ChoiceOne Financial Services, Inc. completed the merger of Fentura Financial, Inc. with and into ChoiceOne, effective March 1, 2025, with ChoiceOne continuing as the surviving corporation. The combined organization is described as a bank holding company with assets exceeding $4 billion and operating 56 offices across Michigan. The consolidation of The State Bank with and into ChoiceOne Bank is expected, based on these disclosures, to result in the consolidated bank operating under the ChoiceOne name and brand.

As a result of this completed merger, Fentura Financial, Inc. functions as a historical entity for investors researching the FETM stock symbol. The FETM ticker represented Fentura Financial, Inc. as the holding company for The State Bank prior to its merger into ChoiceOne Financial Services, Inc. For current information on the combined organization, investors are directed in public statements to ChoiceOne Financial Services, Inc., whose common stock is quoted on the Nasdaq Capital Market under the symbol COFS.

Business focus and services

Disclosures about The State Bank describe it as a commercial, retail and trust bank that offers a full array of consumer banking, mortgage lending, SBA lending, commercial banking, and wealth management banking and advisory services. These services were provided to individuals, small businesses, and other customers in the Michigan markets the bank served. The State Bank is also described as a 5-Star Bauer Financial rated institution in certain company announcements.

Fentura’s earnings releases highlight the company’s focus on strengthening its balance sheet, managing loan growth, managing cost of funds, and maintaining what it characterizes as historically strong asset quality. Management commentary in these releases discusses efforts to reduce reliance on borrowed funds, increase cash and investment portfolios, and improve the loan-to-deposit ratio, as well as the impact of interest rate and economic conditions on profitability.

Geographic footprint

Fentura Financial, Inc., through The State Bank, concentrated its operations in Michigan. Company descriptions state that The State Bank operated in Bay, Genesee, Ingham, Jackson, Livingston, Oakland, Saginaw, and Shiawassee counties, with references to 20 full-service offices and one loan production center, and in other disclosures to 21 offices across several of these counties. Prior to the merger, Fentura’s footprint represented a presence in central and southeastern Michigan markets.

Corporate transformation through merger

The merger with ChoiceOne Financial Services, Inc. is a defining event in Fentura’s corporate history. The merger agreement, shareholder approvals, regulatory approval, and completion date are all documented in public announcements. These communications explain that the combination of ChoiceOne and Fentura would create an approximately $4.3 billion-asset bank holding company with 56 offices in West, Central and Southeastern Michigan, and that the combined organization would be headquartered in Sparta, Michigan under the ChoiceOne name and brand.

For users researching the FETM stock symbol, this means that Fentura Financial, Inc. no longer operates as an independent publicly traded bank holding company following its merger into ChoiceOne. Historical information about Fentura and The State Bank remains relevant for understanding the legacy operations and financial performance that contributed to the combined organization.

Fentura Financial, Inc. FAQs

• What was Fentura Financial, Inc.?
  

  Fentura Financial, Inc. was the bank holding company for The State Bank, a commercial, retail and trust bank headquartered in Fenton, Michigan. It operated as a financial holding company in the commercial banking industry and traded on the OTCQX exchange under the symbol FETM.

• What services did The State Bank provide under Fentura Financial, Inc.?
  

  Disclosures describe The State Bank as offering a full array of consumer, mortgage, SBA, commercial and wealth management banking and advisory services, along with trust and retail banking services, to customers in the Michigan communities it served.

• Where did Fentura Financial, Inc. and The State Bank operate?
  

  Company announcements state that The State Bank operated 20 full-service offices and one loan production center, or in some disclosures 21 offices, serving Bay, Genesee, Ingham, Jackson, Livingston, Oakland, Saginaw, and Shiawassee counties in Michigan.

• When was Fentura Financial, Inc. formed?
  

  Public disclosures indicate that Fentura Financial, Inc. was formed in 1987 as the holding company for The State Bank.

• What happened to Fentura Financial, Inc. (FETM)?
  

  According to announcements from ChoiceOne Financial Services, Inc., Fentura Financial, Inc. merged with and into ChoiceOne, effective March 1, 2025, with ChoiceOne continuing as the surviving corporation. Following this merger, Fentura functions as a historical entity and the FETM ticker represents its pre-merger history.

• Does FETM stock still trade independently?
  

  Public merger disclosures state that Fentura Financial, Inc. merged into ChoiceOne Financial Services, Inc., with ChoiceOne as the surviving corporation. These disclosures also state that ChoiceOne common stock trades on the Nasdaq Capital Market under the symbol COFS. Investors researching FETM are reviewing the historical company that combined with ChoiceOne.

• What industry and sector did Fentura Financial, Inc. belong to?
  

  Fentura Financial, Inc. operated in the commercial banking industry within the broader finance and insurance sector, as a bank holding company for The State Bank.

• How did Fentura Financial, Inc. describe its approach to the communities it served?
  

  The State Bank, under Fentura’s ownership, described its belief in the potential of banking to help create better lives, better businesses, and better communities, and referenced philanthropic and volunteer support to organizations and groups within the communities it served.

• What financial information did Fentura Financial, Inc. regularly report?
  

  Fentura’s public earnings releases reported interest income, interest expense, net interest income, credit loss expense or reversal, noninterest income, noninterest expenses, federal income tax expense, and net income. They also disclosed balance sheet data such as total assets, total deposits, gross loans, borrowed funds, and shareholders’ equity, along with asset quality and capital ratios.

• How is Fentura Financial, Inc. connected to ChoiceOne Financial Services, Inc.?
  

  Fentura Financial, Inc. entered into a definitive merger agreement with ChoiceOne Financial Services, Inc. Public announcements state that the merger was approved by shareholders and regulators and completed on March 1, 2025, creating a combined bank holding company operating under the ChoiceOne name and brand.