ChoiceOne Financial Services, Inc. (COFS)

28.65 +1.37 (+5.02%) 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

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Kelly J. Potes CFP	CEO & Director	628.18k	N/A	1962
Mr. Michael J. Burke Jr.	President & Director	461.2k	N/A	1971
Mr. Bradley A. Henion	Executive VP & Chief Lending Officer of ChoiceOne Bank	303.77k	N/A	1970
Mr. Adom J. Greenland	CFO, Executive VP, Secretary & Treasurer	225.7k	N/A	1981
Ms. Shelly M. Childers	Senior VP & Chief Information Officer	N/A	N/A	1963
Mr. Lee A. Braford	Senior VP & Chief Credit Officer of ChoiceOne Bank	141.06k	N/A	1961
Mr. Peter Batistoni	Senior VP & Senior Lender of ChoiceOne Bank	N/A	N/A	1966
Ms. Heather D. Brolick	Senior Vice President of Human Resources of ChoiceOne Bank	N/A	N/A	1960
Mr. Robert M. Jamula	Senior Vice President of Wealth Management of ChoiceOne Bank	N/A	N/A	1969

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

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.