ChoiceOne and Fentura shareholders approve merger; combined bank to have ~$4.3B assets

CHOICEONE FINANCIAL SERVICES INC

ChoiceOne (COFS) shareholders voted 5,823,344 for vs 101,305 against the stock issuance proposal.
Fentura (FETM) shareholders also approved the merger at separate special meeting on Dec 12, 2024.
Combined company will be headquartered in Sparta, Michigan with 56 offices across Michigan.
Expected to be the 3rd largest publicly traded Michigan bank holding company by assets (~$4.3B).
Transaction expected to close in Q1 2025, pending regulatory approvals and customary conditions.

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