ChoiceOne Financial Announces Cash Dividend

SPARTA, Mich., Nov. 19, 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 $0.22 per share.  The cash dividend is payable to shareholders of record as of December 15, 2020 and will be paid on December 31, 2020.  The dividend declared for the fourth quarter of 2020 is $0.02 higher than the dividend paid in the first three quarters of 2020 and the dividend paid in the fourth 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.  ChoiceOne Bank operates 34 offices in parts of Kent, Lapeer, Macomb, Muskegon, Newaygo, Ottawa, and St. Clair Counties in Michigan.  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 at www.choiceone.com.

EDITORS NOTE: Media interviews with ChoiceOne executives are available by calling Tom Lampen at (616) 887-2337 or tlampen@choiceone.com.  Electronic versions of bank official headshots are also available.

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SOURCE ChoiceOne Financial Services, Inc.