Stock Data
$0.03 (0.09%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
ChoiceOne Financial Services, Inc., based in Sparta, Michigan since 1898, operates ChoiceOne Bank, offering a wide range of banking services to individuals and businesses. Their offerings include various deposit accounts, commercial and consumer lending, and safe deposit facilities. Beyond traditional banking, ChoiceOne also provides investment options like annuities and mutual funds, alongside insurance products covering life and health. They also cater to clients seeking trust and wealth management services, making them a comprehensive financial partner in Michigan.
ChoiceOne missed Q2 earnings as it intentionally dumped $25 million in low-yield municipal securities to fund higher-yielding mortgage purchases, a balance sheet reshuffling that cost about $0.10 per share but positions the bank for better margins ahead. Core loan growth of 11.9% annualized signals management confidence despite the strategic one-time hit.
0 Articles
No articles found for ChoiceOne Financial Services.
Our top personal finance-related articles today. Your wallet will thank you later.
