Displaying items by tag: Community Shores Bank Corp
Given how hard the economy fell in the second quarter, earnings for West Michigan-based banks held up relatively well, although they were primarily lower than a year earlier as banks set aside more in reserve to cover potential future loan losses.
An acquisition last fall helped ChoiceOne Financial Services Inc. report quarterly earnings that tripled from a year ago.
Here is the MiBiz growth report for July 5, 2020.
ChoiceOne Financial Services Inc. closed today on the $20.8 million acquisition of Community Shores Bank Corp.
Here is the MiBiz Growth Report for June 21, 2020.
SPARTA — The planned $21.9 million merger of Community Shores Bank Corp. into ChoiceOne Financial Services Inc. heads to a close after earning shareholder approval.
Here is the MiBiz Growth Report for May 27, 2020.
In mid-2018, executives and directors at Community Shores Bank Corp. began to study “strategic alternatives” to grow the bank.
Two locally-based banks — Mercantile Bank and West Michigan Community Bank — plan to close the lobbies of bank branches to customers starting Wednesday.