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ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank, a chartered community bank that provides various banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits. It also provides commercial loans, such as business, industry, agricultural, construction, inventory, and real estate loans; consumer loans, including direct and indirect loans to consumers and purchasers of residential and real properties; and mortgage loans.
TypePublic
Founded1898
HQSterling Heights, MI, US
Websitechoiceone.com

Latest Updates

Employees (est.) (Feb 2020)270(+92%)
Job Openings23
Revenue (FY, 2020)$22.7 M(+148%)
Share Price (Apr 2021)$23.6
Cybersecurity ratingAMore

Key People/Management at ChoiceOne

Kelly Potes

Kelly Potes

President & CEO
Lee Braford

Lee Braford

SVP Chief Credit Officer
Sheila Clark

Sheila Clark

SVP Human Resources Director
Adom Greenland

Adom Greenland

SVP Chief Operating Officer
Mary Johnson

Mary Johnson

SVP Operations / Cashier
Thomas Lampen

Thomas Lampen

SVP Chief Financial Officer
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ChoiceOne Office Locations

ChoiceOne has offices in Sterling Heights and Sparta
Sterling Heights, MI, US (HQ)
12900 Hall Rd #402
Sparta, MI, US
109 E Division St
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ChoiceOne Financials and Metrics

ChoiceOne Revenue

ChoiceOne's revenue was reported to be $22.7 m in FY, 2020
USD

Revenue (FY, 2020)

22.7m

Net income (FY, 2020)

15.6m

Market capitalization (19-Apr-2021)

184.1m

Closing stock price (19-Apr-2021)

23.6

Cash (31-Dec-2020)

79.5m
ChoiceOne's current market capitalization is $184.1 m.
USDQ2, 2011

Financial Leverage

8.5 x
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ChoiceOne Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

ChoiceOne Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

CSRHub logo

ChoiceOne Online and Social Media Presence

Embed Graph

ChoiceOne News and Updates

ChoiceOne Bank Receives MiBiz Annual M&A Deal of the Year Award

SPARTA, Mich., Feb. 18, 2021 /PRNewswire/ -- ChoiceOne Financial Services, Inc. (Nasdaq: COFS), the parent company of ChoiceOne Bank, is pleased to announce ChoiceOne Financial Services, Inc., won the M&A Deal of the Year Award in the Finance/Banking category. The M&A Deal of the Year...

ChoiceOne Financial Reports Fourth Quarter And Year End 2020 Results

SPARTA, Mich., Jan. 30, 2021 /PRNewswire/ -- ChoiceOne Financial Services, Inc. ("ChoiceOne", NASDAQ:COFS), the parent company for ChoiceOne Bank reported financial results for the quarter and year ended December 31, 2020. Significant items impacting comparable fourth quarter and year end...

ChoiceOne Financial Services, Inc. Announces Acquisition of Community Shores Bank Corporation

SPARTA, Mich. and MUSKEGON, Mich, Jan. 6, 2020 /PRNewswire/ -- ChoiceOne Financial Services, Inc. (OTC: COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank and Lakestone Bank & Trust, and Community Shores Bank Corporation (OTC: CSHB) ("Community Shores"), the parent company of...

ChoiceOne Urgent Care Opens New Center in Georgia

LUTHERVILLE, Md., July 8, 2019 /PRNewswire/ -- ChoiceOne Urgent Care (ChoiceOne) in partnership with Gwinnett Medical Center would like to invite the public to family-friendly grand opening events starting Thursday, July 11 until the official opening on Monday, July 15. Superior...

ChoiceOne Urgent Care Wins Gwinnett Daily Post 2019 Reader's Choice Award

LUTHERVILLE, Md., July 2, 2019 /PRNewswire/ -- ChoiceOne Urgent Care (ChoiceOne) in partnership with Gwinnett Medical Center has received the Gwinnett Daily Post annual Reader's Choice Award for Best Urgent Care. Every year readers from communities all over Gwinnett County, Georgia, can...

ChoiceOne Urgent Care Partners with Coppermine Fieldhouse

LUTHERVILLE, Md., April 11, 2019 /PRNewswire/ -- ChoiceOne Urgent Care (ChoiceOne) in partnership with University of Maryland St. Joseph Medical Center is pleased to announce a new community sponsorship opportunity with Coppermine Fieldhouse, a provider of indoor and outdoor programs,...
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ChoiceOne Blogs

Psychology Behind Family Owed Business Operations

Executive Vice President Jillian Pezet at Quality Tree Service of West Michigan, Inc. came to ChoiceOne Bank for a business loan and a new relationship blossomed immediately. In talking with Jillian, she mentioned how she thought of becoming a psychologist one day and how that grew into managing her…

ChoiceOne Bank Announces Lucas Marble Promotion

ChoiceOne Bank is pleased to announce the promotion of Lucas Marble to Branch Manager of the Rockford Division office, located at 590 East Division Street, NE.

Zelle® Online Safety Tips

Zelle is an easy way to send and receive money with people you trust. Here are some tips to keeping you and your money safe while using Zelle.

ChoiceOne Bank Announces Leadership Promotions

ChoiceOne Bank is pleased to announce the recent promotions of Sherri Campbell, Tyson “Ty” Schmidt, Tracy Adams and Kara Lambourn.
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ChoiceOne Frequently Asked Questions

  • When was ChoiceOne founded?

    ChoiceOne was founded in 1898.

  • Who are ChoiceOne key executives?

    ChoiceOne's key executives are Kelly Potes, Lee Braford and Sheila Clark.

  • How many employees does ChoiceOne have?

    ChoiceOne has 270 employees.

  • What is ChoiceOne revenue?

    Latest ChoiceOne annual revenue is $22.7 m.

  • What is ChoiceOne revenue per employee?

    Latest ChoiceOne revenue per employee is $84.1 k.

  • Who are ChoiceOne competitors?

    Competitors of ChoiceOne include Punjab National Bank, Bank of Baroda and Agricultural Bank of China.

  • Where is ChoiceOne headquarters?

    ChoiceOne headquarters is located at 12900 Hall Rd #402, Sterling Heights.

  • Where are ChoiceOne offices?

    ChoiceOne has offices in Sterling Heights and Sparta.

  • How many offices does ChoiceOne have?

    ChoiceOne has 2 offices.