We are pleased to announce that Fentura Financial, Inc., parent company of The State Bank, and ChoiceOne Financial Services, Inc., parent company of ChoiceOne Bank, signed a definitive merger agreement pursuant to which ChoiceOne Financial Services, Inc. will merge with Fentura Financial, Inc. The transaction is expected to close in the first half of 2025, subject to the satisfaction of customary closing conditions including receipt of shareholder and regulatory approvals.
Following completion of the transaction, ChoiceOne Financial Services Inc. will be a $4.3 billion-asset bank holding company with 56 offices across mid-Michigan making it the 3rd largest publicly traded bank holding company headquartered in Michigan based on asset size.
Joining forces with ChoiceOne is a natural geographical and cultural fit for Fentura. It allows Fentura to extend its footprint into Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, and Macomb counties and enhance the commitment that both The State Bank and ChoiceOne Bank have to our Michigan customers and communities. Our press release announcing the transaction can be found here.
Thank you for banking with us. We look forward to serving you with the same comprehensive products, local decisions, and exceptional service.
For additional information about the proposed merger, including information about forward-looking statements, where to find important information about the proposed merger, and participants in the solicitation of proxies, please continue to check back here or Fentura.com.
*Based upon number of approved loans for the SBA fiscal years ending September 30, 2020, 2021, 2022 & 2023. Subject to credit approval.
© 2021 The State Bank, Fenton, Michigan. All Rights Reserved