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Choiceone Financial Services Inc
109 E Division,
P O Box 186
Phone: (616) 887-7366p:616 887-7366 SPARTA, MI  49345-0186  United States Ticker: COFSCOFS
Business Summary
ChoiceOne Financial Services, Inc. is a financial holding company of ChoiceOne Bank (the Bank). The Company's subsidiary, ChoiceOne Bank is a full-service banking institution that offers a range of deposit, payment, credit, and other financial services to all types of customers. Its services include time, savings, demand deposits, safe deposit services and automated transaction machine services. The Bank offers both commercial and consumer loans to corporations, partnerships, and individuals. Its commercial lending covers categories, such as business, industry, agricultural, construction, inventory, and real estate. The Bank's consumer loan department makes direct and indirect loans to consumers and purchasers of residential and real property. In addition, the Bank offers trust and wealth management services. The Bank's primary market area lies within Kent, Muskegon, Newaygo and Ottawa counties in western Michigan and Lapeer, Macomb, and St. Clair counties in southeastern Michigan.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
Yes------

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023YesYes--Yes

Industries
SIC Code Description
6022 State commercial banks
6029 Commercial banks, not elsewhere classified
6712 Offices of bank holding companies

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Chairman of the Board Jack G.Hendon 67 12/25/2021 8/1/2013
President, Director Michael J.Burke 53 10/1/2019 3/22/2019
Chief Executive Officer, Director Kelly J.Potes 61 10/1/2019 1/1/2001
6 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
County Bank Corp 83 W Nepessing Street Lapeer MI United States
Lakestone Bank & Trust 83 West Nepressing Street Lapeer MI United States
Community Shores Bank Corporation 1030 W Norton Avenue Muskegon MI United States
ChoiceOne Bank 1030 WEST NORTON AVENUE MUSKEGON MI United States
CHOICEONE BANK 109 E Division St Sparta Michigan United States

Business Names
Business Name
ChoiceOne Bank
ChoiceOne Insurance Agencies, Inc.
COFS
Community Shores Bank Corporation
County Bank Corp
Lakestone Bank & Trust

General Information
Number of Employees: 324 (As of 2/29/2024)
Outstanding Shares: 7,560,020 (As of 4/1/2024)
Shareholders: 1,093
Stock Exchange: NASD
Federal Tax Id: 382659066


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Tuesday, April 16, 2024