ChoiceOne Financial Services, Inc. Announces Pricing of Common Stock Offering
Summary
Davison & Co. is acting as sole book-running manager for the offering.ChoiceOne intends to use the net proceeds of this offering for general corporate purposes including supplementing regulatory capital ratios and in conjunction with its announced merger with Fentura Financial, Inc.ChoiceOne expects to close the offering, subject to customary conditions, on or about July 26, 2024.A shelf registration statement, including a prospectus (File No. A preliminary prospectus supplement relating to and describing the terms of the offering was filed and is available on the SECs website at www.sec.gov and ChoiceOne will file a final prospectus supplement relating and describing the terms of the offering. ChoiceOne Bank operates 35 offices in parts of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, Macomb, and Oakland counties. Therefore, actual results and outcomes may materially differ from what may be expressed, implied or forecasted in such forward-looking statements. Furthermore, ChoiceOne undertakes no obligation to update, amend, or clarify forward-looking statements, whether as a result of new information, future events, or otherwise.A discussion of certain risks and uncertainties affecting ChoiceOne, and some of the factors that could cause ChoiceOnes actual results to differ materially from those described in the forward-looking statements, can be found in the sections entitled "Risk Factors" and "Risks Related to the Companys Business" in ChoiceOnes Annual Report on Form 10-K for the year ended December 31, 2023 and other current and periodic reports, which have been, or will be, filed with the Securities and Exchange Commission (the "SEC") and are, or will be, available on the SECs website (www.sec.gov).