ChoiceOne Financial Services Near Grand Rapids Completes Merger, Now $4B in Assets

The merger between ChoiceOne Financial Services and Fentura Financial is creating a combined bank holding company with assets exceeding $4 billion and operating 56 offices across Michigan. // Stock photo

ChoiceOne Financial Services Inc. in Sparta and Fentura Financial Inc. in Fenton have completed their merger into a combined bank holding company with assets exceeding $4 billion and operating 56 offices across Michigan.

The combined organization will be headquartered in Sparta, north or Grand Rapids. The consolidation of The State Bank into ChoiceOne Bank is expected to be effective on March 14. The consolidated bank will operate under the ChoiceOne name and brand.

“We are excited to welcome Fentura into our ChoiceOne family,” says Kelly Potes, CEO of ChoiceOne. “Our acquisition of Fentura is a natural geographical and cultural fit for ChoiceOne, and allows us to expand our community bank franchise further into central and southeast Michigan.

“Our combined company offers greater range and capacity for commercial and consumer lending as well as leading advancements in technology. We believe ChoiceOne offers substantial opportunity for our collective communities, customers, and employees while adding significant value for our shareholders.”

Potes adds that ChoiceOne will offer small businesses and consumers in west, central, and southeast Michigan an “extensive” line of products and services delivered through an enhanced retail network including digital and branch banking.

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