Form 4: ChoiceOne Financial Services Director Randy D. Hicks Reports Share Acquisition Following Fentura Financial Merger

Director Randy D. Hicks reports acquiring shares of ChoiceOne Financial Services due to the merger with Fentura Financial, Inc.

Summary

• Randy D. Hicks, a director at ChoiceOne Financial Services, reported a transaction on March 1, 2025, related to the merger of Fentura Financial, Inc. into ChoiceOne Financial Services, Inc.
• Hicks acquired 96,668 shares of ChoiceOne common stock indirectly through the Randy D. Hicks Trust.
• The acquisition resulted from the conversion of 71,606 shares of Fentura Financial, Inc. common stock into ChoiceOne Financial Services, Inc. common stock at a conversion rate of 1.35 shares of ChoiceOne for each share of Fentura.
• Hicks has granted a Limited Power of Attorney to several individuals to handle securities filings related to ChoiceOne Financial Services, Inc.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing related to a merger, indicating a neutral to slightly positive sentiment as it reflects the completion of a corporate action.

Industry Context

Mergers and acquisitions within the financial services industry often lead to changes in share ownership and require regulatory filings to disclose these changes.

Stakeholder Impact

• Shareholders of both ChoiceOne and Fentura are impacted by the merger, as Fentura shares were converted into ChoiceOne shares.
• The filing ensures transparency for investors regarding changes in beneficial ownership.

Key Dates