Displaying items tagged: Community Shores Bank Corp
ChoiceOne’s two recent acquisitions provide lessons on virtual dealmaking
The two acquisitions ChoiceOne Financial Services Inc. closed over a 15-month period tripled the size of the Sparta-based bank holding company.
ChoiceOne Q3 earnings growth reflects recent acquisitions
ChoiceOne Financial Service Inc. has reported significantly higher quarterly earnings following the completion of two acquisitions in the last year.
Bracing for more economic fallout, West Michigan banks boost loan-loss reserves
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.
ChoiceOne boosts earnings after recent acquisitions
An acquisition last fall helped ChoiceOne Financial Services Inc. report quarterly earnings that tripled from a year ago.
MiBiz Growth Report: July 5, 2020
Here is the MiBiz growth report for July 5, 2020.
ChoiceOne completes acquisition of Community Shores Bank
ChoiceOne Financial Services Inc. closed today on the $20.8 million acquisition of Community Shores Bank Corp.
MiBiz Growth Report: June 21, 2020
Here is the MiBiz Growth Report for June 21, 2020.
Community Shores shareholders approve merger with ChoiceOne, deal to close in Q4
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.
MiBiz Growth Report: May 27, 2020
Here is the MiBiz Growth Report for May 27, 2020.
ChoiceOne-Community Shores deal progresses toward ‘likely’ third quarter close
In mid-2018, executives and directors at Community Shores Bank Corp. began to study “strategic alternatives” to grow the bank.
Some West Michigan banks close lobbies in response to COVID-19
Two locally-based banks — Mercantile Bank and West Michigan Community Bank — plan to close the lobbies of bank branches to customers starting Wednesday.
MiBiz Growth Report: February 16, 2020
This is the MiBiz growth report for February 16, 2020.
ChoiceOne shares moving to Nasdaq exchange
SPARTA — Shares of ChoiceOne Financial Services Inc., the parent company of ChoiceOne Bank and Lakestone Bank & Trust, will begin trading Friday on The Nasdaq Capital Market under its present symbol “COFS.”
Marketing firm Revel acquires Borns B2B
MUSKEGON — Marketing and branding firm Revel has acquired Borns B2B.
Community Shores deal ‘makes a lot of sense’ for ChoiceOne
SPARTA — ChoiceOne Financial Services Inc. wasn’t actively looking to do another deal, but the parent company of ChoiceOne Bank saw an opportunity with Community Shores Bank Corp. that was too good to pass up.
ChoiceOne to acquire Community Shores Bank in $21.9 million deal
SPARTA — Five months after closing one acquisition, ChoiceOne Financial Services Inc. now plans to do another.
Citing compliance costs, Community Shores Bank to deregister shares with SEC
MUSKEGON — Citing the high cost of complying with public reporting requirements, Community Shores Bank Corp. plans to deregister its shares with federal securities regulators.
‘Back on track’: Backed by recap, improved economy, Community Shores Bank emerges from federal scrutiny
MUSKEGON — After more than six years of operating under increased regulatory scrutiny, CEO Heather Brolick wants people to know that Community Shores Bank Corp. is “back on track” and growing again.
Community Shores Bank completes $5 million capital raise
Backed with a $5 million capital injection, Community Shores Bank Corp. has emerged from an era of increased regulatory oversight.