Fentura To Merge Into ChoiceOne
(RTTNews) - Friday, ChoiceOne Financial Services, Inc. (COFS) and Fentura Financial, Inc. (FETM) announced the shareholders' decision to approve the proposed merger, following which ChoiceOne will continue as the surviving corporation.
The decision comes as ChoiceOne expects the merger to add shareholder value, improve efficiencies of the organizations, and expand network across Michigan.
The combined organization will be headquartered in Sparta, Michigan.
The parent company of ChoiceOne Bank added that the transaction is set to close in the first quarter of 2025.
During the pre-market hours, ChoiceOne's stock is moving down 0.98 percent, to $36.40 on the Nasdaq.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.