ChoiceOne Financial Services, Inc. (COFS)

23.30 -0.01 (-0.04%) At close: 4:00PM EDT

ChoiceOne Financial Services, Inc.

109 East Division Street
Sparta, MI 49345
United States
616 887 7366
http://www.choiceone.com

Sector(s): Financial Services
Industry: Banks—Regional
Full Time Employees: 305

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Kelly J. Potes CFP	CEO & Director	387.24k	N/A	1962
Mr. Michael J. Burke Jr.	Pres & Director	386.12k	N/A	1971
Mr. Bradley A. Henion	Sr. VP & Chief Lending Officer of ChoiceOne Bank	186k	N/A	1970
Mr. Thomas L. Lampen CPA	Sr. VP, CFO & Treasurer	N/A	N/A	1956
Mr. Adom J. Greenland	Sr. VP, COO & Sec.	N/A	N/A	1981
Ms. Shelly M. Childers	Sr. VP & Chief Information Officer	N/A	N/A	1964
Lianna L. den Dulk	Human Resource Officer	N/A	N/A	N/A
Mr. Lee A. Braford	Sr. VP & Chief Credit Officer of ChoiceOne Bank	N/A	N/A	1961
Mr. Steven M. DeVolder	Sr. VP & Sr. Trust Officer of Lakestone Bank & Trust	N/A	N/A	1960
Mr. Lee A. Bradford	Sr. VP & Chief Credit Officer	N/A	N/A	N/A

Amounts are as of December 31, 2019 and compensation values are for the last fiscal year ending on that date. Pay is 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 community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, as well as certificates of deposit. It also provides commercial loans, 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 safe deposit and automated transaction machine services; and alternative investment products, including annuities and mutual funds, as well as sells insurance policies, such as life and health for commercial and consumer clients. It operates 32 full-service offices in Kent, Muskegon, Newaygo, and Ottawa, and St. Clair counties, Michigan. The company was founded in 1898 and is headquartered in Sparta, Michigan.

Corporate Governance

ChoiceOne Financial Services, Inc.’s ISS Governance QualityScore as of April 1, 2021 is 7. The pillar scores are Audit: 9; Board: 7; Shareholder Rights: 5; Compensation: 8.

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 a 10 indicates higher governance risk.