ChoiceOne announces succession plan for retiring CFO

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Tom Lampen Courtesy ChoiceOne Bank

ChoiceOne Bank’s CFO will retire at year’s end, and the bank selected his replacement.

The board of directors of Sparta-based ChoiceOne Financial Services (Nasdaq: COFS) — the parent company of ChoiceOne Bank — said last week that Tom Lampen, senior vice president and CFO, will retire on or around Dec. 31, and Adom Greenland, currently senior vice president, secretary and COO at the bank, will be named as his successor.

“It is certainly bittersweet for me to announce Tom’s retirement at the end of the year,” ChoiceOne CEO Kelly Potes said. “Tom has helped lead ChoiceOne to significant growth and milestones as our chief financial officer over the last 29 years. We will miss Tom’s daily presence and wise counsel but also wish him well as he begins his well-deserved retirement.

“It is also a pleasure to announce Adom as Tom’s successor. Adom is a tremendous leader, and his financial background and experience in bank operations, including our recent mergers, make him an excellent candidate for our next CFO.”

Lampen, a certified public accountant, will retire with over 34 years in the banking industry. He began his career with ChoiceOne as treasurer in 1987. He was promoted to CFO in 1992. Prior to joining ChoiceOne, Lampen was employed by Grant Thornton, a national accounting firm.

Greenland, also a CPA, has been a senior vice president of ChoiceOne Bank since November 2015 and a vice president of ChoiceOne Bank since 2013. He currently also serves as secretary and COO. Prior to his employment with ChoiceOne, Greenland was a senior manager with PricewaterhouseCoopers, a global accounting and consulting firm.

ChoiceOne

ChoiceOne Financial Services (Nasdaq: COFS) is a financial holding company and the parent corporation of ChoiceOne Bank, which was founded in 1898.

Named one of America’s Best Banks by Newsweek in November, ChoiceOne operates 34 offices in Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, Macomb and Sanilac counties.

The bank offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies.

ChoiceOne had about $2.1 billion in assets as of last week.

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