ChoiceOne Financial Services, Inc. Receives Regulatory Approval for Merger with Fentura Financial, Inc.

Core Viewpoint - ChoiceOne Financial Services, Inc. has received regulatory approval to merge with Fentura Financial, Inc., enhancing its presence in Michigan and creating a combined organization with approximately $4.3 billion in assets [1][2]. Company Overview - ChoiceOne Financial Services, Inc. is headquartered in Sparta, Michigan, and operates as the parent company of ChoiceOne Bank, which has 35 offices across several counties [3]. - The company is currently an approximately $2.6 billion-asset bank holding company, ranking as the eighth largest in Michigan based on asset size [3]. - ChoiceOne Bank offers a range of financial products, including insurance and investment services through its subsidiary [3]. Fentura Financial Overview - Fentura Financial, Inc. is the holding company for The State Bank, which operates 21 offices in various counties in Michigan [4]. - The State Bank provides a full array of banking services, including consumer, mortgage, and wealth management, while also engaging in community support initiatives [4]. Merger Details - The merger is expected to be effective on March 1, 2025, with the bank consolidation anticipated to take place on March 14, 2025 [2]. - Post-merger, the combined entity will operate under the ChoiceOne name and brand, expanding its geographical footprint into several new counties [2].