M&A Deal Summary

ChoiceOne Bank Acquires Community Shores Bank

On July 1, 2020, ChoiceOne Bank acquired financial services company Community Shores Bank

Acquisition Highlights
  • This is ChoiceOne Bank’s 2nd transaction in the Financial Services sector.
  • This is ChoiceOne Bank’s 2nd transaction in the United States.
  • This is ChoiceOne Bank’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2020-07-01
Target Community Shores Bank
Sector Financial Services
Buyer(s) ChoiceOne Bank
Deal Type Merger
Advisor(s) ProBank Austin (Financial)
Dickinson Wright (Legal)

Target

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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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 2 of 2
Sector (Financial Services) 2 of 2
Type (Merger) 2 of 2
State (Michigan) 2 of 2
Country (United States) 2 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-18 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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Product

Company

Legal