SPARTA, Mich., Dec. 6, 2021 /PRNewswire/ -- It is with great
appreciation that ChoiceOne Financial Services, Inc. (NASDAQ: COFS)
("ChoiceOne") announces the retirement of Chairman Paul L. Johnson from the Boards of Directors of
ChoiceOne and ChoiceOne Bank effective December 25. Effective upon Mr. Johnson's
retirement, Jack G. Hendon has been
appointed Chairman of both Boards of Directors, and Bradley F.
McGinnis has been appointed to the ChoiceOne Board in addition
to his service on the ChoiceOne Bank Board.
"It's a poignant time for our company as we announce the
retirement of our Chairman Paul
Johnson," said ChoiceOne CEO Kelly Potes. "It has
been a pleasure to work with Paul over the years. I have enjoyed
his friendship and business insight. Paul has guided ChoiceOne to
strong growth and important milestones. We will miss his leadership
and wise counsel. At the same time, we are honored to appoint Jack
as our new Chairman and have Brad join our ChoiceOne Board. Both
men are advocates for community banking and have provided the
business acumen needed to help ChoiceOne grow our franchise value
across Michigan."
Paul L. Johnson is
the owner and retired President of Falcon Resources, Inc. in
Belmont, Michigan, a sales,
engineering, and design firm for the automotive and furniture
industries. He was appointed Chairman of the Board of Directors of
ChoiceOne and ChoiceOne Bank in December
2013. Johnson served as Vice Chairman from July 2013 until December
2013 and has been a director of ChoiceOne and ChoiceOne Bank
since July 1999. Johnson was also a
director of ChoiceOne Insurance Agencies, Inc. from November 2000 through December 2006.
Jack G. Hendon is a
Certified Public Accountant, Co-Founder, and Partner with H&S
Companies, PC, an independently owned accounting and consulting
firm. He is also a Partner in MH and Company LLC, HS&C Group
LLC, Spartan Dawg Investments LLC, Dutch Dawg LLC, H&S Land
Company LLC, and Brite Eyes Brewing LLC. Hendon has been a director
of ChoiceOne and ChoiceOne Bank since August
2013. He serves as a director of the Spectrum Gerber
Hospital Foundation Board and as a director and audit committee
member of the Newaygo Area Promise Zone and is a former director
and audit committee chair of Fremont Michigan InsuraCorp, which was
a Securities and Exchange Commission ("SEC") reporting company.
Bradley F.
McGinnis is the Owner and President of Mega
Wall Corporation in Comstock Park,
Michigan, a company that specializes in manufacturing and
distribution of patented display systems, an Owner of KMJ Ventures,
LLC, a real estate holding company, and an Owner and President of
McGinnis & Associates, Inc., a company that brokers wood veneer
products. McGinnis joined the ChoiceOne Bank Board in October 2018. McGinnis previously served as a
member of ChoiceOne's Board of Directors from October 2018 until ChoiceOne's merger with County
Bank Corp. in October 2019, during
which time he served as a member of ChoiceOne's
Audit/Compliance/CRA Committee, Personnel and Benefits Committee,
Asset/Liability and Risk Committee, and IT Committee.
"We wish Paul and his wife Judi a happy and healthy retirement
as they move on to another exciting chapter in their lives," said
Potes. "Paul has been a remarkable Chairman and leader. We will
miss his extensive business and entrepreneurial expertise. And
again, we are pleased to welcome two more ChoiceOne leaders into
new positions – Jack as our new Chairman and Brad as a member of
our ChoiceOne Board. We believe we are well poised for growth as we
move into 2022."
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, named one
of America's Best Banks by Newsweek, operates 35 offices
in parts of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St.
Clair, and Macomb counties.
ChoiceOne is an approximately $2.1
billion-asset bank holding company making it the 10th
largest bank holding company in Michigan based on asset size. 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 choiceone.com.
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SOURCE ChoiceOne Financial Services, Inc.