ChoiceOne Financial Services, Inc. Merger with Fentura Financial, Inc.

ChoiceOne Financial Consolidates The State Bank; Completes Earlier Merger with Fentura

March 14, 2025

Financial Services

ChoiceOne Financial Services, Inc. completed the consolidation of The State Bank into ChoiceOne Bank on March 14, 2025, renaming the acquired bank ChoiceOne Bank. This follows ChoiceOne's March 1, 2025 completion of the merger with Fentura Financial, Inc., creating a combined financial holding company with over $4 billion in assets and an expanded branch network in Michigan.

Enterprise Financial Services Corp Acquires First Choice Bancorp

April 26, 2021

Financial Services

Enterprise Financial Services Corp (EFSC) will acquire First Choice Bancorp (FCBP) in an all-stock merger valued at approximately $397.7 million (≈ $33.40 per FCBP share). The transaction, expected to close in Q3 2021 pending regulatory and shareholder approvals, will combine the businesses to create a pro forma company with roughly $12.7 billion in consolidated assets and expands Enterprise’s commercial banking presence in California.

Fentura Financial Acquires Farmers State Bank of Munith

December 1, 2021

Financial Services

Fentura Financial, Inc., the holding company for The State Bank, completed its acquisition of Farmers State Bank of Munith, expanding The State Bank's branch network and market footprint. The transaction grows the combined company to roughly $1.4 billion in assets and increases branch offices to 20; Farmers' president Jeanne E. Richter will join The State Bank as a senior officer and systems integration is planned for Q1 2022.

Magnifi Financial Acquires Financial One Credit Union

October 1, 2022

Financial Services

Magnifi Financial merged with Financial One Credit Union effective October 1, 2022, following board approvals and a member vote. The combination expands Magnifi's presence in the greater Twin Cities (adding branches in Blaine, Coon Rapids and Columbia Heights), brings Financial One's indirect lending capability into the organization, and results in a combined organization with nearly $2 billion in assets, ~85,000 members and a 25-branch network.

Unitas Financial Services Merges with First Service Corporation (FSC)

June 9, 2022

Financial Services

Unitas Financial Services has merged with First Service Corporation (FSC), bringing FSC’s loan-portfolio protection and insurance-tracking capabilities into Unitas’s platform. The transaction expands Unitas’s Midwest footprint and broadens its product set for lenders and real-estate investors, including outsourced insurance tracking, blanket mortgage hazard, and Vendor’s Single Interest (VSI) solutions.

Trisura Group Ltd. Acquires First Founders Assurance Company

March 26, 2024

Insurance

Trisura Group Ltd. (TSX: TSU) completed the acquisition of First Founders Assurance Company (FFAC), a U.S. Treasury-listed surety company. The purchase strengthens Trisura's U.S. surety capabilities and supports plans to expand FFAC's licensing across all 50 states and the District of Columbia.