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Displaying items tagged: County Bank Corp

Sunday, 14 February 2021 17:50

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.

Published in Finance
Wednesday, 28 October 2020 16:42

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.

Published in Finance
Sunday, 02 August 2020 16:20

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.

Published in Finance

Tuesday, 28 July 2020 16:49

ChoiceOne boosts earnings after recent acquisitions

An acquisition last fall helped ChoiceOne Financial Services Inc. report quarterly earnings that tripled from a year ago.

Published in Finance
Sunday, 10 May 2020 18:54

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.

Published in Finance
Wednesday, 05 February 2020 09:23

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.”

Published in Finance

Sunday, 19 January 2020 16:00

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. 

Published in Finance
Monday, 06 January 2020 09:36

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.

Published in Finance
Friday, 03 January 2020 17:07

Bank execs could face fewer deal prospects in 2020

Bank M&A may ease in 2020, as fewer executives surveyed by the trade publication Bank Director view the market as favorable for deals.

Published in Finance

Monday, 28 October 2019 12:13

Merger expenses cut into ChoiceOne’s third quarter earnings

SPARTA — Higher expenses mostly related to the Oct. 1 merger with County Bank Corp. cut into third quarter earnings for ChoiceOne Financial Services Inc.

Published in Finance
Sunday, 29 September 2019 13:31

Acquisitions remain option for ChoiceOne after County Bank deal

SPARTA — ChoiceOne Financial Services Inc. remains open to further acquisitions after the $89 million deal with Lapeer-based County Bank Corp. is completed next year.

Published in Finance
Sunday, 04 August 2019 17:37

Chemical Bank merger closes, ChoiceOne deal awaits shareholder votes

As one bank merger affecting the West Michigan marketplace focuses on integration, another much smaller deal heads toward shareholder votes next month.

Published in Finance

Thursday, 25 July 2019 13:50

Merger costs eat into ChoiceOne Financial’s quarterly earnings

SPARTA — Costs from a proposed merger cut into ChoiceOne Financial Services Inc.’s quarterly earnings.

Published in Finance
Sunday, 31 March 2019 22:12

ChoiceOne seizes growth opportunity in deal for SE Michigan community bank

SPARTA — ChoiceOne Financial Services Inc.’s proposed $89 million merger with a similarly sized community bank in Lapeer began last summer when Kelly Potes struck up a conversation with his counterparts.

Published in Finance
Monday, 25 March 2019 11:32

ChoiceOne plans ‘strategic merger of equals’ with SE Michigan bank

Sparta-based ChoiceOne Financial Services Inc. plans to merge with Lapeer-based County Bank Corp. in a deal that would create a bank with a combined $1.28 billion in assets.

Published in Finance