ChoiceOne prices 1.2M share offering at $25/sh, net $28.2M for general purposes and merger

CHOICEONE FINANCIAL SERVICES INC

Offering of 1,200,000 shares at $25.00 per share for gross proceeds of ~$30.0M.
Net proceeds estimated at ~$28.2M after underwriting discounts and before expenses.
Underwriter granted 30-day option to purchase up to 180,000 additional shares for over-allotments.
Proceeds to be used for general corporate purposes, including supplementing regulatory capital and in conjunction with the announced Fentura Financial merger.
Closing expected on or about July 26, 2024, subject to customary conditions.

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