Choiceone Financial Services Inc 8-K, filed Feb 4, 2020
Choiceone Financial Services Inc (COFS)
About this 8-K
Choiceone Financial Services Inc filed this 8-K on February 4, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
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): February 4, 2020
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.) |
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| 109 E. Division Street Sparta, Michigan (Address of Principal Executive Offices) |
49345 (Zip Code) |
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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))
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
| Common stock | COFS | OTC Pink 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 8.01 | Other Events. |
On February 4, 2020, ChoiceOne Financial Services, Inc. ("ChoiceOne") issued a press release regarding the listing of ChoiceOne's common stock on the Nasdaq Capital Market, which is attached as Exhibit 99.1 to this Form 8-K and here incorporated by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
| Exhibit No. | Exhibit |
| 99.1 | Press Release dated February 4, 2020. |
***
| -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: | February 4 , 2020 | CHOICEONE FINANCIAL SERVICES, INC. (Registrant) | |
| By: | /s/ Thomas Lampen | ||
| Thomas Lampen Its Treasurer | |||
| -3- |
Exhibit 99.1
For Immediate Release
ChoiceOne Financial Services (COFS) Announces Nasdaq Listing
SPARTA, Mich., February 4, 2020 /PRNewswire/ – ChoiceOne Financial Services, Inc. (OTC: COFS) (“ChoiceOne”), the parent company of ChoiceOne Bank and Lakestone Bank & Trust, today announced that shares of its common stock will be listed for trading on The Nasdaq Capital Market under its current symbol, “COFS,” beginning on Friday, February 7, 2020. The Company’s common stock will continue to be quoted for trading on the OTC Pink Market under the same symbol through February 6, 2020.
“Listing our stock on Nasdaq is a significant milestone for ChoiceOne as we grow our franchise value,” said ChoiceOne Chief Executive Officer Kelly Potes. "We expect listing our stock on Nasdaq will make it more liquid and easier to buy and sell for shareholders. It should also allow our stock to be more visible to investors.”
Paul Johnson, ChoiceOne Chairman of the Board added, “We are excited to begin having our stock trade on The Nasdaq Capital Market. We believe the size of our Company now dictates a more recognized platform for our stock. Listing our stock on Nasdaq is a natural progression as we look to build long-term value for our shareholders.”
Nasdaq is the world's largest electronic stock market, listing approximately 3,600 public companies. The exchange trades more shares per day than any other U.S. equities market. It is also among the world's best-regulated stock markets, employing sophisticated surveillance systems and regulatory specialists to protect investors and provide a fair and competitive trading environment.
"We are very pleased to welcome ChoiceOne Financial Services to Nasdaq's family of innovative, growth companies," said Andrew Hall, Managing Director of Nasdaq New Listings. "We look forward to supporting ChoiceOne Financial Services as it achieves its milestones in the years to come."
ChoiceOne is an approximately $1.3 billion asset bank holding company with 29 offices in West and Southeastern Michigan.
About ChoiceOne
ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the parent corporation of ChoiceOne Bank and Lakestone Bank & Trust. Member FDIC. Lakestone Bank & Trust operates 15 offices in parts of Lapeer, Macomb and St. Clair counties. ChoiceOne Bank operates 14 offices in parts of Kent, Ottawa, Muskegon, and Newaygo counties. ChoiceOne Bank offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc. For more information, please visit Investor Relations at ChoiceOne’s website at choiceone.com.
Forward-Looking Statements
This press release contains forward-looking statements. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “is likely,” “plans,” “predicts,” “projects,” “may,” “could,” “look forward,” “continue”, “future” and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements reflect current beliefs as to the expected outcomes of future events and are not guarantees of future performance. These statements involve certain risks, uncertainties and assumptions (“risk factors”) that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. Therefore, actual results and outcomes may materially differ from what may be expressed, implied or forecasted in such forward-looking statements. Furthermore, ChoiceOne undertakes no obligation to update, amend, or clarify forward-looking statements, whether as a result of new information, future events, or otherwise.
Risk factors include, but are not limited to, the risk factors described in Item 1A in ChoiceOne Financial Services, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2018.
Contact
ChoiceOne Financial Services, Inc.
Kelly Potes
Chief Executive Officer
ChoiceOne Bank
616-887-7366
kpotes@choiceone.com
Source: ChoiceOne Financial Services