CHOICEONE FINANCIAL SERVICES INC (COFS): M&A transaction — ChoiceOne completes Fentura merger; combined assets exceed $4B, exchange ratio 1.35:1

CHOICEONE FINANCIAL SERVICES INC

Fentura merged into ChoiceOne effective March 1, 2025; each Fentura share converted to 1.35 ChoiceOne shares plus cash for fractions.
Pro forma net income for 9 months ended Sep 30, 2024: $33.1M ($2.20 basic EPS); tangible book value per share $16.61.
Combined operations total $4.56B in assets and 56 Michigan offices; The State Bank consolidation expected March 14, 2025.
Board expanded to 15 directors; former Fentura directors Brian Petty and Randy Hicks appointed, expected to serve on key committees.

item 2.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Brian Petty

Director

COFS · CHOICEONE FINANCIAL SERVICES INC

Effective: 2025-03-01
Filed: March 3, 2025, 6:59 PM ET

the Board appointed Brian Petty and Randy Hicks, M.D., former directors of Fentura, as directors of ChoiceOne to fill the resulting vacancies.

Appointed

Randy Hicks

Director

COFS · CHOICEONE FINANCIAL SERVICES INC

Effective: 2025-03-01
Filed: March 3, 2025, 6:59 PM ET

the Board appointed Brian Petty and Randy Hicks, M.D., former directors of Fentura, as directors of ChoiceOne to fill the resulting vacancies.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Brian Petty was appointed as Director at CHOICEONE FINANCIAL SERVICES INC.

Action: appointed
Role: Director

Exact text from the filing

the Board appointed Brian Petty and Randy Hicks, M.D., former directors of Fentura, as directors of ChoiceOne to fill the resulting vacancies.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Randy Hicks was appointed as Director at CHOICEONE FINANCIAL SERVICES INC.

Action: appointed
Role: Director

Exact text from the filing

the Board appointed Brian Petty and Randy Hicks, M.D., former directors of Fentura, as directors of ChoiceOne to fill the resulting vacancies.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CHOICEONE FINANCIAL SERVICES INC completed an acquisition involving Fentura Financial, Inc. (closed 2025-03-01).

Action: acquisition
Counterparty: Fentura Financial, Inc.
Closing: 2025-03-01

Exact text from the filing

Effective March 1, 2025, pursuant to the Agreement and Plan of Merger, dated as of July 25, 2024 (the “Merger Agreement”), by and between ChoiceOne Financial Services, Inc. (“ChoiceOne”) and Fentura Financial, Inc. (“Fentura”), Fentura was merged with and into ChoiceOne, with ChoiceOne continuing as the surviving corporation in the merger (the “Merger”).

View on SEC.gov

28 m&a transactions filed in the last 30 days. Browse all m&a transactions →

CHOICEONE FINANCIAL SERVICES INC filing history →

Source: SEC EDGAR

accession 0000950170-25-030833

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