Displaying items tagged: Lakestone Bank & Trust
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.
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.
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.”
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.
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.
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.
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.
Shareholders approve ChoiceOne-County Bank merger
SPARTA — ChoiceOne Financial Services Inc.’s merger with Lapeer-based County Bank Corp. easily earned shareholder approvals this morning and now heads to a close next spring.
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.
Merger costs eat into ChoiceOne Financial’s quarterly earnings
SPARTA — Costs from a proposed merger cut into ChoiceOne Financial Services Inc.’s quarterly earnings.
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.
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.