Newsweek Selects ChoiceOne Bank Again as Michigan’s Best Small Bank


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SPARTA, Mich., September 28, 2021 / PRNewswire / – ChoiceOne Financial Services, Inc. (Nasdaq: COFS), the parent company of ChoiceOne Bank, is pleased to announce that ChoiceOne Bank has once again been classified as that of Michigan Best Small Bank by Newsweek. ChoiceOne was recognized in Newsweek’s first-ever 2020 ranking of the nation’s financial institutions that have best served their customers’ needs in 2021 during the pandemic climate. Today, Newsweek once again recognized ChoiceOne Bank as the best small bank in Michigan for 2022.

For the second year in a row, Newsweek magazine awarded ChoiceOne Bank the “America’s Best Banks” award in the Small Banks category for Michigan. The Best Bank winners were selected from 2,508 financial institutions and evaluated on more than 30 distinct factors, covering the overall health of the bank, customer service performance and features, digital and in-branch presence, account and loan, interest rate offers and fees. The best small bank in every state needed less 10 billion dollars in assets and was to be among the top five banks with the most branches in the state.

“We are extremely honored to once again stand out across the country as that of Michigan Best Small Bank, ”said ChoiceOne CEO Kelly J. Potes. “ChoiceOne Bank has always taken the initiative to present our customers with the financial technology they need, offering mobile banking, mobile deposits, innovative payroll solutions, online loan applications, account openings. online, Zelle® and Plinqit, a digital mobile savings tool. Our innovative strategies continue to allow us to offer our customers the best technology while maintaining our personal approach to banking with our customer service center and our network of full-service branches. ”

ChoiceOne Bank had the products and services in place when it became clear in March 2020 that new security measures had to be implemented due to the pandemic. The Bank was ready to offer new loans and loan cancellation programs to those who needed help. All of this has helped keep families and small businesses thriving, while subsequently strengthening that of Michigan economy. ChoiceOne continues to maintain competitive interest rates, offer more advanced technology, and provide additional opportunities to meet face to face depending on the security and customer needs.

“Like a Michigan community bank, we understand the different challenges our customers and communities face today, ”said ChoiceOne President Michael J. Burke, Jr. “I am extremely proud of our teams across the state. They continue to show compassion and self-assurance to help find financial solutions for individuals, families, farmers and businesses in our communities.

For more details on this Newsweek 2022 recognition and methodology, please visit
https://www.newsweek.com/americas-best-banks-2022/best-small-banks-state.

About ChoiceOne
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan, and the parent company of ChoiceOne Bank. FDIC member. ChoiceOne Bank, named one of America’s best banks by News week, operates 35 offices in parts of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, and Macomb counties. ChoiceOne is around $ 2.1 billion-banking of assets making it the 10th largest banking holding company in Michigan depending on the size of the assets. ChoiceOne Bank offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc. The common shares of ChoiceOne Financial Services, Inc. are listed on the Nasdaq Capital Market under the symbol “COFS”. For more information, please visit Investor Relations on the ChoiceOne.com website.

SOURCE ChoiceOne Financial Services, Inc.

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