ChoiceOne Financial Announces Cash Dividend

SPARTA, Mich., March 3, 2020 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.20 per share.  The cash dividend is payable to shareholders of record as of March 13, 2020 and will be paid on March 31, 2020.  The dividend declared for the first quarter of 2020 is equal to the dividend paid in the first quarter of 2019.

ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the parent corporation of ChoiceOne Bank, Member FDIC, and as of October 1, 2019, Lakestone Bank & Trust, Member FDIC.  ChoiceOne Bank operates 14 full-service offices in parts of Kent, Muskegon, Newaygo, and Ottawa Counties in Michigan.  ChoiceOne Bank offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc.  Lakestone Bank & Trust operates 15 offices in parts of Lapeer, Macomb and St. Clair Counties in Michigan.  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 www.choiceone.com.

SOURCE ChoiceOne Financial Services, Inc.