SPARTA, Mich., December 6, 2021 / PRNewswire / – It is with great satisfaction that ChoiceOne Financial Services, Inc. (NASDAQ: COFS) (âChoiceOneâ) Announces the Retirement of President Paul L. Johnson of the boards of directors of ChoiceOne and ChoiceOne Bank in effect December 25th. Upon the retirement of Mr Johnson, Jack G Hendon has been appointed Chairman of both Boards of Directors, and Bradley F. McGinnis has been appointed to the Board of ChoiceOne in addition to his service on the Board of Directors of ChoiceOne Bank.
“This is a poignant time for our company as we announce the retirement of our President Paul johnson“said Kelly Potes, CEO of ChoiceOne.” It has been a pleasure working with Paul over the years. I appreciated his friendship and his business acumen. Paul guided ChoiceOne to strong growth and significant milestones. His leadership and wise counsel will be missed. At the same time, we are honored to appoint Jack as our new President and to have Brad join our ChoiceOne Board of Directors. Both men are community banking advocates and have provided the business acumen needed to help ChoiceOne grow the value of our franchise through Michigan. “
Paul L. Johnson is the owner and retired president of Falcon Resources, Inc. in Belmont, Michigan, a sales, engineering and design company for the automotive and furniture industries. He was appointed Chairman of the Board of Directors of ChoiceOne and ChoiceOne Bank in December 2013. Johnson was vice chairman of July 2013 up to December 2013 and has been a director of ChoiceOne and ChoiceOne Bank since July 1999. Johnson has also been a director of ChoiceOne Insurance Agencies, Inc. since november 2000 through december 2006.
Jack G Hendon is a chartered accountant, co-founder and partner of H&S Companies, PC, an independent accounting and consulting firm. He is also a partner of 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 is a director of the Board of the Spectrum Gerber Hospital Foundation and a director and audit committee member of the Newaygo Area Promise Zone and is a former director and audit committee chairman of Fremont Michigan InsuraCorp, which was a Securities and Exchange Commission (âSECâ) reporting company.
Bradley F. McGinnis is the owner and president of Mega Wall Corporation in Comstock Park, Michigan, a company specializing in the manufacture 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 markets products of wood veneer. McGinnis joined the Board of Directors of ChoiceOne Bank in October 2018. McGinnis has previously served on the ChoiceOne Board of Directors since October 2018 until ChoiceOne’s merger with County Bank Corp. in October 2019, during which he was a member of the Audit / Compliance / ARC Committee, the Personnel and Benefits Committee, the Assets / Liabilities and Risks Committee and the IT Committee of ChoiceOne.
âWe wish Paul and his wife Judi a happy and healthy retirement as they move on to another exciting chapter in their lives,â said Potes. âPaul has been a remarkable president and leader. His vast commercial and entrepreneurial expertise will be missed. And once again, we are delighted to welcome two more ChoiceOne executives to new positions: Jack as the new President and Brad as a member of our ChoiceOne Board of Directors. . We believe we are well positioned for growth as we approach 2022. “
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan, and the parent company of ChoiceOne Bank. FDIC member. ChoiceOne Bank, named one of America’s best banks by News week, operates 35 offices in parts of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, and Macomb counties. ChoiceOne is around $ 2.1 billion-banking of assets making it the 10th largest banking holding in Michigan depending on the size of the asset. ChoiceOne Bank offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc. The common shares of ChoiceOne Financial Services, Inc. are listed on the Nasdaq Capital Market under the symbol “COFS”. For more information, please visit Investor Relations on the ChoiceOne.com website.
SOURCE ChoiceOne Financial Services, Inc.