PR Newswire | Aug 30, 2021 08:58AM EDT

08/30 07:58 CDT

ChoiceOne Financial Announces 14% Increase in Cash Dividend SPARTA, Mich., Aug. 30, 2021

SPARTA, Mich., Aug. 30, 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 $0.25 per share. The cash dividend is payable to shareholders of record as of September 15, 2021 and will be paid on September 30, 2021. The dividend declared for the third quarter of 2021 is $0.03 higher than the dividend paid in the second quarter of 2021 and $0.05 higher than the dividend paid in the third quarter of 2020. At the new rate, the indicated dividend on an annual basis is $1.00 per share compared to the previous rate of $0.88 per share.

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.

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SOURCE ChoiceOne Financial Services, Inc.