From left, Paul Johnson, chairman of the board; Kelly Potes, CEO of ChoiceOne Bank; Heather Brolick, SVP human resources of ChoiceOne Bank; and Michael Burke Jr., president of ChoiceOne Bank. Courtesy Choice One Bank
The parent company of ChoiceOne Bank has successfully completed the consolidation of Community Shores Bank into ChoiceOne Bank following the previously reported acquisition.
Sparta-based ChoiceOne Financial Services said Tuesday, Oct. 20, that Muskegon-based Community Shores Bank is now part of ChoiceOne Bank and has adopted the name and branding of ChoiceOne Bank.
“We are pleased to close our merger of ChoiceOne Bank and Community Shores Bank,” said ChoiceOne CEO Kelly Potes. “Our teams at both banks have worked diligently over the last 10 months to combine our banking operations and make this transition as seamless as possible and with limited disruption for our customers. Because of our similar markets, the consolidation presents many efficiencies and new growth opportunities in our expanded network into West Michigan.”
The Business Journal reported Jan. 7 that ChoiceOne Financial Services was acquiring Muskegon-based Community Shores Bank Corporation. The transaction was completed July 1. The combined organization is the 12th largest bank holding company in Michigan based on asset size, with about $1.7 billion in assets and 33 offices across Michigan, ChoiceOne said.
Heather Brolick, formerly Community Shores president and CEO, is now ChoiceOne senior vice president and head of human resources. She presided over a name change ceremony Tuesday.
“Our merger is a natural geographical and cultural fit and allows us to extend our footprint into Muskegon and Ottawa counties with advanced technology and innovative services,” Brolick said. “It also gives us broader opportunities to support our communities with increased donations and volunteer hours, complementing ChoiceOne’s vision to be the best bank in Michigan.”
ChoiceOne Financial Services (Nasdaq: COFS) is a financial holding company and the parent corporation of ChoiceOne Bank.
The bank operates 33 offices in parts of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair and Macomb counties.
ChoiceOne offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies.