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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 27, 2021

ChoiceOne Financial Services Inc
(Exact Name of Registrant as
Specified in its Charter)

  Michigan
(State or Other Jurisdiction
of Incorporation)
000-19202
(Commission
File Number)
38-2659066
(IRS Employer
Identification No.)
 
109 East Division
Sparta, Michigan

(Address of Principal Executive Offices)
  49345
(Zip Code)
 
           

Registrant's telephone number, including area code: (616) 887-7366

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s) Name of each exchange on which registered
Common stock COFS NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

  

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

On May 27, 2021, Thomas L. Lampen tendered his retirement from his positions as Treasurer of ChoiceOne Financial Services, Inc. (“ChoiceOne”) and as Senior Vice President and Chief Financial Officer of ChoiceOne Bank, effective on or about December 31, 2021.

 

Item 7.01 Regulation FD Disclosure

 

On May 28, 2021, ChoiceOne issued the press release furnished with this Form 8-K as Exhibit 99.1. Exhibit 99.1 is furnished to, and not filed with, the Commission.

 

Item 9.01 Financial Statements and Exhibits
   
Exhibit No. Exhibit
   
99.1 Press Release.  This Exhibit is furnished to, and not filed with, the Commission.

 

***

 

 

 

 -2- 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 28, 2021 CHOICEONE FINANCIAL SERVICES, INC.
(Registrant)
       
    By: /s/ Thomas Lampen
      Thomas Lampen
Its Treasurer

 

 

 

 

 

 

-3-

 

 

EXHIBIT 99.1

 

 

 

 

FOR IMMEDIATE RELEASE

 

ChoiceOne Bank Announces Succession Plan for CFO Tom Lampen

 

Sparta, Michigan – May 28, 2021 – The Board of Directors of ChoiceOne Financial Services, Inc. (“ChoiceOne”, NASDAQ:COFS), the parent company of ChoiceOne Bank, today announced that Tom Lampen, Senior Vice President and Chief Financial Officer, has notified the organization of his intention to retire effective on or about December 31, 2021. Upon his retirement, Senior Vice President, Adom J. Greenland, is expected to be named Chief Financial Officer.

 

“It is certainly bittersweet for me to announce Tom’s retirement at the end of the year,” said ChoiceOne CEO Kelly Potes. “Tom has helped lead ChoiceOne to significant growth and milestones as our Chief Financial Officer over the last 29 years. We will miss Tom’s daily presence and wise counsel but also wish him well as he begins his well-deserved retirement. It is also a pleasure to announce Adom as Tom’s successor. Adom is a tremendous leader and his financial background and experience in bank operations including our recent mergers make him an excellent candidate for our next CFO.”

 

Lampen, a Certified Public Accountant, will retire with over 34 years in the banking industry. He began his career with ChoiceOne as Treasurer in 1987. He was promoted to Chief Financial Officer in 1992. Prior to joining ChoiceOne, Lampen was employed by Grant Thornton, a national accounting firm.

 

Greenland, a Certified Public Accountant, has been a Senior Vice President of ChoiceOne Bank since November 2015 and a Vice President of ChoiceOne Bank since 2013. He currently serves as Secretary and Chief Operating Officer. Prior to his employment with ChoiceOne, Greenland was a Senior Manager with PricewaterhouseCoopers, a global accounting and consulting firm.

 

About ChoiceOne 

ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the parent corporation of ChoiceOne Bank. Member FDIC. ChoiceOne Bank, named one of America's Best Banks by Newsweek, operates 34 offices in parts of Kent, Ottawa, Muskegon, Newaygo, Lapeer, St. Clair, Macomb, and Sanilac counties.  ChoiceOne is an approximately $2.1 billion-asset bank holding company making it the 10th largest bank holding company in Michigan based on asset size. 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 choiceone.com.

 

 

Contacts

Kelly Potes

ChoiceOne CEO

616-887-7366 

[email protected]

 

Michael J. Burke, Jr.

ChoiceOne President

810.664.2977

[email protected]

 

 

Source: ChoiceOne Financial Services

 

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