M&A Deal Summary

ChoiceOne Bank Acquires ChoiceOne Bank

On May 18, 2020, ChoiceOne Bank acquired financial services company ChoiceOne Bank

Acquisition Highlights
  • This is ChoiceOne Bank’s 1st transaction in the Financial Services sector.
  • This is ChoiceOne Bank’s 1st transaction in the United States.
  • This is ChoiceOne Bank’s 1st transaction in Michigan.

M&A Deal Summary
Date 2020-05-18
Target ChoiceOne Bank
Sector Financial Services
Buyer(s) ChoiceOne Bank
Deal Type Merger

Target

ChoiceOne Bank

Sparta, Michigan, United States
ChoiceOne Bank is a Michigan based provider of financial services to families, businesses and communities.

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Buyer(S) 1

Buyer

ChoiceOne Bank

Sparta, Michigan, United States
Category Company
Founded 1898
Sector Financial Services
Employees367
Revenue 81M USD (2023)
DESCRIPTION

ChoiceOne Bank a full-service financial institution with offices in Kent, Ottawa, Muskegon, and Newaygo Counties. It offers insurance and investment products through its subsidiary. ChoiceOne Bank Financial Services was incorporated in 1898 and is based in Sparta, Michigan.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Merger) 1 of 2
State (Michigan) 1 of 2
Country (United States) 1 of 2
Year (2020) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Community Shores Bank

Muskegon, Michigan, United States

Community Shores Bank Corp. is an independent community bank serves businesses and consumers in the western Michigan counties of Muskegon and Ottawa from four branch offices. Community Shores Bank is based in Muskegon, Michigan.

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