ChoiceOne Financial approved for merger with Fentura Financial

ChoiceOne Financial Services (COFS) announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the merger of Fentura Financial (FETM), with and into ChoiceOne, with ChoiceOne continuing as the surviving corporation. Following completion of the merger, the combined organization will be headquartered in Sparta, Michigan and operate under the ChoiceOne name and brand. Following completion of the transaction, ChoiceOne Financial Services, Inc. will be an approximately $4.3B-asset bank holding company with 56 offices in West and Southeastern Michigan. The transaction is expected to be effective on March 1, subject to the satisfaction of customary closing conditions. The bank consolidation is expected to be effective on March 14.