ChoiceOne Financial Services, Inc. (COFS)

26.25 +0.02 (+0.08%) At close: 04:00PM EDT

ChoiceOne Financial Services, Inc.

109 East Division Street
Sparta, MI 49345-0186
United States
616 887 7366
https://www.choiceone.bank

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 367

Description

ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers alternative investment products, which include annuities and mutual funds; and sells insurance policies, such as life and health for commercial and consumer clients. Further, it provides trust and wealth management services. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.

Corporate governance

ChoiceOne Financial Services, Inc.’s ISS governance QualityScore as of 1 June 2024 is 5. The pillar scores are Audit: 8; Board: 4; Shareholder rights: 5; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.