ChoiceOne Bank Awards 19 Scholarships to Michigan Seniors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2026
0mins
Source: PRnewswire
- Increased Scholarship Count: ChoiceOne Bank is awarding 19 scholarships this year, reflecting an increase from previous years and demonstrating its ongoing commitment to supporting more high school graduates in Michigan pursuing higher education.
- Competitive Applicant Pool: Out of 320 applicants, 19 recipients were selected, showcasing the program's competitiveness and encouraging students to highlight their community service experiences in their applications.
- Scholarship Amount: Each recipient will receive a one-time scholarship of $1,000 to support their first year of college or certificate program, helping to alleviate the financial burden of education costs.
- Value of Community Service: ChoiceOne Bank emphasizes the importance of families and communities, encouraging students to recognize the value of community service through the scholarship program, thereby nurturing the next generation of community leaders.
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About COFS
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the parent corporation of ChoiceOne Bank and The State Bank. It operates 56 offices in parts of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, Macomb, Genesee, Jackson, Livingston, Ingham, Saginaw, Shiawassee, and Bay counties. It offers deposit, payment, credit and other financial services to all types of customers. Its services include time, savings, and demand deposits, safe deposit services, and automated transaction machine services. Commercial lending covers such categories as business, industry, agricultural, construction, inventory, and real estate. It provides services to small businesses and consumers in West, Central and Southeast Michigan a line of products and services delivered through a retail network including digital and branch banking. It offers insurance and investment products through ChoiceOne Insurance Agencies, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ChoiceOne Bank Awards 19 Scholarships to Michigan Seniors
- Increased Scholarship Count: ChoiceOne Bank is awarding 19 scholarships this year, reflecting an increase from previous years and demonstrating its ongoing commitment to supporting more high school graduates in Michigan pursuing higher education.
- Competitive Applicant Pool: Out of 320 applicants, 19 recipients were selected, showcasing the program's competitiveness and encouraging students to highlight their community service experiences in their applications.
- Scholarship Amount: Each recipient will receive a one-time scholarship of $1,000 to support their first year of college or certificate program, helping to alleviate the financial burden of education costs.
- Value of Community Service: ChoiceOne Bank emphasizes the importance of families and communities, encouraging students to recognize the value of community service through the scholarship program, thereby nurturing the next generation of community leaders.
See More
ChoiceOne Bank Awards 19 Scholarships to Michigan Graduates
- Increased Scholarship Count: ChoiceOne Bank is awarding 19 scholarships this year, reflecting an increase from previous years and demonstrating its ongoing commitment to supporting high school seniors in Michigan communities.
- Competitive Applicant Pool: Out of over 320 applicants, 19 recipients were selected based on their essays describing community service experiences, highlighting the program's emphasis on student writing and service awareness.
- Scholarship Amount: Each recipient will receive a one-time scholarship of $1,000 to support their enrollment in accredited Michigan colleges or certificate programs in the fall of 2026, helping to alleviate educational costs.
- Value of Community Service: ChoiceOne Bank emphasizes that families are the heart of communities, and the scholarship program aims to encourage students to recognize the importance of growing up and being educated in supportive environments, with hopes that they will return to their hometowns in the future.
See More
ChoiceOne Financial Services Declares Quarterly Dividend
- Quarterly Dividend Announcement: ChoiceOne Financial Services has declared a quarterly dividend of $0.29 per share, consistent with previous distributions, indicating stable cash flow and profitability, which enhances investor confidence.
- Stable Yield: The forward yield of 3.7% reflects the company's attractiveness in the current market environment, potentially drawing in more investors seeking stable income.
- Payment Schedule: The dividend is payable on June 30, with a record date of June 15 and an ex-dividend date also on June 15, providing shareholders with a clear timeline that aids in financial planning.
- Historical Data Support: The historical dividend record and earnings data for ChoiceOne Financial Services demonstrate the company's consistency in dividend payments, further solidifying its position as a reliable investment choice.
See More
ChoiceOne Financial Services Q1 Earnings Report
- Earnings Per Share: ChoiceOne Financial Services reported a GAAP EPS of $0.91 for Q1, indicating stable profitability despite market challenges, which may reassure investors about the company's financial health.
- Revenue Performance: The company generated revenue of $42.45 million, reflecting ongoing growth in its operations and demonstrating robust customer demand and retention of market share.
- Financial Health: ChoiceOne's financial data indicates effective cost management and resource optimization, laying a solid foundation for future investments and expansions, thereby enhancing investor confidence.
- Dividend Analysis: The dividend scorecard for ChoiceOne Financial Services highlights its commitment to shareholder returns, increasing its attractiveness to investors, particularly in the current economic climate.
See More
ChoiceOne Financial Services Reports Solid Q1 Performance with Increased Net Income
- Net Income Growth: ChoiceOne reported a net income of $13.7 million for Q1 2026, a significant improvement from a net loss of $13.9 million in Q1 2025, reflecting the company's ongoing efforts in customer relationships and strategic priorities.
- Asset Growth: As of March 31, 2026, ChoiceOne's total assets reached $4.4 billion, an increase of $89.2 million compared to the same period in 2025, primarily driven by growth in securities and mortgage advances, demonstrating effective asset management.
- Stable Loan Quality: The nonperforming loans ratio stood at 1.01% in Q1 2026, slightly up from 0.98% in December 2025, yet overall credit quality remains stable, indicating effective risk management practices by the company.
- Increase in Shareholder Equity: ChoiceOne's shareholder equity rose to $470 million in Q1 2026, up $42.9 million from the same period in 2025, reflecting a strong capital position and ongoing share repurchase efforts to enhance shareholder value.
See More
ChoiceOne Financial Services Declares Quarterly Dividend
- Quarterly Dividend Announcement: ChoiceOne Financial Services has declared a quarterly dividend of $0.29 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability, which enhances investor confidence.
- Yield Performance: The forward yield of 3.93% offers investors a relatively attractive return, potentially drawing more attention from those seeking stable income from their investments in the company’s stock.
- Payment Schedule: The dividend is payable on March 31, with a record date of March 13 and an ex-dividend date also set for March 13, ensuring shareholders receive their dividends promptly, thereby reinforcing shareholder loyalty.
- Financial Transparency: ChoiceOne Financial Services provides a detailed dividend scorecard and earnings data, enhancing market trust in its financial health while also offering potential investors a basis for their decision-making.
See More
ChoiceOne Bank Awards 19 Scholarships to Michigan Seniors
- Increased Scholarship Count: ChoiceOne Bank is awarding 19 scholarships this year, reflecting an increase from previous years and demonstrating its ongoing commitment to supporting more high school graduates in Michigan pursuing higher education.
- Competitive Applicant Pool: Out of 320 applicants, 19 recipients were selected, showcasing the program's competitiveness and encouraging students to highlight their community service experiences in their applications.
- Scholarship Amount: Each recipient will receive a one-time scholarship of $1,000 to support their first year of college or certificate program, helping to alleviate the financial burden of education costs.
- Value of Community Service: ChoiceOne Bank emphasizes the importance of families and communities, encouraging students to recognize the value of community service through the scholarship program, thereby nurturing the next generation of community leaders.
See More
ChoiceOne Bank Awards 19 Scholarships to Michigan Graduates
- Increased Scholarship Count: ChoiceOne Bank is awarding 19 scholarships this year, reflecting an increase from previous years and demonstrating its ongoing commitment to supporting high school seniors in Michigan communities.
- Competitive Applicant Pool: Out of over 320 applicants, 19 recipients were selected based on their essays describing community service experiences, highlighting the program's emphasis on student writing and service awareness.
- Scholarship Amount: Each recipient will receive a one-time scholarship of $1,000 to support their enrollment in accredited Michigan colleges or certificate programs in the fall of 2026, helping to alleviate educational costs.
- Value of Community Service: ChoiceOne Bank emphasizes that families are the heart of communities, and the scholarship program aims to encourage students to recognize the importance of growing up and being educated in supportive environments, with hopes that they will return to their hometowns in the future.
See More
ChoiceOne Financial Services Declares Quarterly Dividend
- Quarterly Dividend Announcement: ChoiceOne Financial Services has declared a quarterly dividend of $0.29 per share, consistent with previous distributions, indicating stable cash flow and profitability, which enhances investor confidence.
- Stable Yield: The forward yield of 3.7% reflects the company's attractiveness in the current market environment, potentially drawing in more investors seeking stable income.
- Payment Schedule: The dividend is payable on June 30, with a record date of June 15 and an ex-dividend date also on June 15, providing shareholders with a clear timeline that aids in financial planning.
- Historical Data Support: The historical dividend record and earnings data for ChoiceOne Financial Services demonstrate the company's consistency in dividend payments, further solidifying its position as a reliable investment choice.
See More
ChoiceOne Financial Services Q1 Earnings Report
- Earnings Per Share: ChoiceOne Financial Services reported a GAAP EPS of $0.91 for Q1, indicating stable profitability despite market challenges, which may reassure investors about the company's financial health.
- Revenue Performance: The company generated revenue of $42.45 million, reflecting ongoing growth in its operations and demonstrating robust customer demand and retention of market share.
- Financial Health: ChoiceOne's financial data indicates effective cost management and resource optimization, laying a solid foundation for future investments and expansions, thereby enhancing investor confidence.
- Dividend Analysis: The dividend scorecard for ChoiceOne Financial Services highlights its commitment to shareholder returns, increasing its attractiveness to investors, particularly in the current economic climate.
See More
ChoiceOne Financial Services Reports Solid Q1 Performance with Increased Net Income
- Net Income Growth: ChoiceOne reported a net income of $13.7 million for Q1 2026, a significant improvement from a net loss of $13.9 million in Q1 2025, reflecting the company's ongoing efforts in customer relationships and strategic priorities.
- Asset Growth: As of March 31, 2026, ChoiceOne's total assets reached $4.4 billion, an increase of $89.2 million compared to the same period in 2025, primarily driven by growth in securities and mortgage advances, demonstrating effective asset management.
- Stable Loan Quality: The nonperforming loans ratio stood at 1.01% in Q1 2026, slightly up from 0.98% in December 2025, yet overall credit quality remains stable, indicating effective risk management practices by the company.
- Increase in Shareholder Equity: ChoiceOne's shareholder equity rose to $470 million in Q1 2026, up $42.9 million from the same period in 2025, reflecting a strong capital position and ongoing share repurchase efforts to enhance shareholder value.
See More
ChoiceOne Financial Services Declares Quarterly Dividend
- Quarterly Dividend Announcement: ChoiceOne Financial Services has declared a quarterly dividend of $0.29 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability, which enhances investor confidence.
- Yield Performance: The forward yield of 3.93% offers investors a relatively attractive return, potentially drawing more attention from those seeking stable income from their investments in the company’s stock.
- Payment Schedule: The dividend is payable on March 31, with a record date of March 13 and an ex-dividend date also set for March 13, ensuring shareholders receive their dividends promptly, thereby reinforcing shareholder loyalty.
- Financial Transparency: ChoiceOne Financial Services provides a detailed dividend scorecard and earnings data, enhancing market trust in its financial health while also offering potential investors a basis for their decision-making.
See More
