ChoiceOne Financial Services, Inc. (COFS)

ChoiceOne Financial Services, Inc. completed its merger with Fentura Financial, Inc. on March 1, 2025, followed by the consolidation of The State Bank into ChoiceOne Bank on March 14, 2025, expanding its assets and branch network. The company reported a one-off $17.7 million loss in the twelve months leading up to September 2025, reducing net profit margins. ChoiceOne has maintained a stable dividend history, affirming a $0.28 per share dividend. The stock price declined by 14.75% between October 21, 2024, and October 17, 2025.

Demand seasonality for ChoiceOne Financial Services, Inc.'s products and services is influenced by interest rate fluctuations, which can suppress demand for mortgages and other loans while increasing the cost of deposits. The company has noted seasonal municipal fluctuations that impacted deposits in the second quarter of 2025.

ChoiceOne Financial Services, Inc. (COFS) is a financial holding company operating through ChoiceOne Bank, offering financial services to individuals, businesses, and agricultural clients. The company provides checking and savings accounts, loans, mortgage services, and wealth management solutions. Through ChoiceOne Insurance Agencies, Inc., it also offers insurance and investment products.

ChoiceOne Financial Services, Inc. has a strong market presence within Michigan, operating 56 offices across West, Central, and Southeast Michigan, serving various counties including Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, Macomb, Genesee, Jackson, Livingston, Ingham, Saginaw, Shiawassee, and Bay.

ChoiceOne Financial Services, Inc. has received positive recognition, including CEO Kelly Potes being named one of Crain's Grand Rapids Most Influential Leaders. ChoiceOne Bank also received the MCDC Community Bank Lender of the Year Award and a Web Marketing Association WebAward for achieving the 2025 Outstanding Bank Website. The company demonstrates community commitment, such as collecting donations to support victims of a tragedy.

ChoiceOne Financial Services, Inc. has a diverse ownership structure comprising institutional, insider, and retail investors. Approximately 41.74% of the stock is held by institutional shareholders, 18.10% by insiders, and 40.16% by retail investors. Major institutional owners include Fourthstone LLC, BlackRock, Inc., Vanguard Group Inc, Alliancebernstein L.P., Geode Capital Management, Llc, State Street Corp, and Manufacturers Life Insurance Company, The. The largest individual shareholder is Bruce John Essex Jr., who owns 464,464 shares, representing 3.10% of the company.