ChoiceOne closes $34.5M common stock offering; funds merger with Fentura

CHOICEONE FINANCIAL SERVICES INC

Sold 1.38M shares at $25.00 each, including full exercise of 180,000-share over-allotment.
Gross proceeds of ~$34.5M; net proceeds of ~$32.4M after underwriting discounts.
Net proceeds to be used for general corporate purposes, including regulatory capital and pending merger with Fentura Financial, Inc.
D.A. Davidson & Co. acted as sole book-running manager; shares trade on NASDAQ under COFS.

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