ChoiceOne Financial Services (COFS) Registration filing summary

Company overview and business model

• Operates as a financial holding company with a primary focus on banking services in Michigan.

• Offers a full range of deposit, payment, credit, trust, and wealth management services to individuals and businesses.

• Commercial and consumer loans are primarily secured, with lending activities spanning business, agricultural, construction, inventory, and real estate sectors.

• Owns a wholly owned bank subsidiary and an independent insurance agency.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes unless otherwise specified in a prospectus supplement.

Risk factors and disclosures

• Risks include asset quality, loan charge-offs, adequacy of credit loss allowances, interest rate changes, economic conditions, liquidity, cybersecurity, regulatory changes, and concentration in Michigan.

• Additional risks are detailed in the most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other SEC filings incorporated by reference.