PR Newswire | May 28, 2021 04:02PM EDT

05/28 15:02 CDT

ChoiceOne Financial Announces Cash Dividend SPARTA, Mich., May 28, 2021

SPARTA, Mich., May 28, 2021 /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 June 15, 2021 and will be paid on June 30, 2021. The dividend declared for the second quarter of 2021 is equal to the dividend paid in the first quarter of 2021 and is $0.02 higher than the dividend paid in the second quarter of 2020.

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.

Contact: Tom Lampen, ChoiceOne Bank

(616) 887-2337

tlampen@choiceone.com

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SOURCE ChoiceOne Financial Services, Inc.