SPARTA, Mich., Oct. 29, 2020 /PRNewswire/ -- ChoiceOne
Financial Services, Inc. (Nasdaq: COFS), the parent company of
ChoiceOne Bank, is pleased to announce ChoiceOne Bank was recently
ranked as Michigan's Best Small
Bank by Newsweek. ChoiceOne was recognized in Newsweek's first-ever
ranking of the country's financial institutions that are best at
serving their customers' needs in today's pandemic climate.
To help consumers navigate the new financial landscape and find
the institution that best serves their needs, Newsweek used a
universe of more than 2,500 FDIC-insured institutions to rank
America's Best Banks in 2021. The publication assessed U.S. banks
based on the most salient features for each bank type or account,
using 55 separate factors to come up with a best-in-class option in
19 categories — including the Best Small Bank in every
state.
"We are honored to stand out across the country as Michigan's Best Small Bank," said ChoiceOne
CEO Kelly J. Potes. "ChoiceOne
Bank has always taken the lead in presenting our customers with the
financial technology they require, offering mobile banking, mobile
deposits, innovative payroll solutions, online loan applications,
online account openings and a digital mobile savings tool. Our
innovative strategies have allowed us to offer our customers the
best technology during this pandemic while still maintaining our
personal approach to banking with our Customer Service Center and
full-service branch network."
ChoiceOne Bank had the products and services in place when it
became clear in March new safety measures had to be implemented
because of the pandemic. The Bank was prepared to offer new loans
and loan forgiveness programs to those needing assistance. All of
this helped to keep families and small businesses thriving, which
subsequently helped to provide stability to Michigan's economy.
"As a Michigan community bank,
we understand the challenges facing our customers and our
communities today," said ChoiceOne President Michael J. Burke, Jr. "I am extremely proud of
our teams across the state. They have stepped up to the challenge
with compassion and assuredness to find financial solutions for the
individuals, families, farmers and businesses in our
communities."
To be considered a Best Small Bank by Newsweek, banks had to
have less than $10 billion in assets
and had to be among the five banks with the most branches in the
state. Included in the assessment were customer service
qualities, mobile app satisfaction, current and historical interest
rates. For more details on this recognition and methodology,
please
visit: https://www.newsweek.com/americas-best-banks-2021/best-small-banks-state.
About ChoiceOne
ChoiceOne Financial Services, Inc. is
a financial holding company headquartered in Sparta, Michigan and the parent corporation of
ChoiceOne Bank. Member FDIC. ChoiceOne Bank operates 33 offices in
parts of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St.
Clair and Macomb
counties. ChoiceOne Bank offers insurance and investment
products through its subsidiary, ChoiceOne Insurance Agencies, Inc.
ChoiceOne Financial Services, Inc. common stock is quoted on the
Nasdaq Capital Market under the symbol "COFS." For more
information, please visit Investor Relations at ChoiceOne's website
at choiceone.com.
View original
content:http://www.prnewswire.com/news-releases/newsweek-recognizes-choiceone-bank-as-best-small-bank-in-michigan-301163056.html
SOURCE ChoiceOne Bank