Sparta, Mich.-based ChoiceOne Financial Services Inc. completed its acquisition of in-state peer County Bank Corp.
The combined company will have about $1.3 billion in assets and become the 12th-largest bank holding company in Michigan based on asset size due to the deal.
ChoiceOne Financial Services CEO Kelly Potes will become CEO of the combined company and president and CEO of ChoiceOne Bank, while ChoiceOne Financial Services Chairman Paul Johnson will become chairman of the combined company and ChoiceOne Bank. County Bank President and COO Michael Burke Jr. will become president and CEO of Lakestone Bank & Trust and president of the combined company.
County Bank Chairman Bruce Cady will become chairman of Lakestone Bank & Trust, and he will retire from that role Dec. 31. He will also become vice chairman of the combined company.
