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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.