Sparta-based ChoiceOne Financial Services, parent company of ChoiceOne Bank, has completed its acquisition of Lapeer-based County Bank Corp., parent company of Lakestone Bank and Trust.
The combined holding company is traded on the OTC Pink Open Market under the symbol COFS.
The deal was announced in March as a "merger of equals."
Following the completion of the deal, the bank's leadership will consist of:
- Kelly J. Potes -- CEO of ChoiceOne Financial and President and CEO of ChoiceOne Bank.
- Paul L. Johnson -- Chairman of ChoiceOne Financial and ChoiceOne Bank.
- Bruce J. Cady -- Chairman of Lakestone Bank (with a retirement date of Dec. 31) and Vice Chairman of ChoiceOne Financial
- Michael J. Burke, Jr. -- CEO and President of Lakestone Bank and President of ChoiceOne Financial
"We are excited to complete our holding company merger and announce our leadership going forward," Potes said in a statement. "As Bruce prepares to retire in December, we wish him well in his retirement. However, we are also very pleased that he will continue to provide his guidance as a director of ChoiceOne. We believe our combined companies will result in one exceptional organization presenting efficiencies and new growth opportunities in our expanded network across Michigan."
