ChoiceOne Financial Services (COFS)

Overall impact
B (65)

Commentary

ChoiceOne Financial Services is a strong overall performer. With a 'B' rating of 65.0 for overall impact (73rd percentile compared to all companies), ChoiceOne Financial Services ranks 26th out of 81 industry peers, behind Fidelity Southern, First United, First US Bancshares and 22 others, and ahead of American National Bankshares, Atlantic Capital Bancshares, Ameris Bancorp and 52 others. On top material causes for ChoiceOne Financial Services's industry (Banking), ChoiceOne Financial Services performs well in Healthy Oceans (81.8 score), Reduced Inequality (81.6) and Reduced Availability of Weapons (81.3) and performs poorly in Quality Lifelong Education (38.8 score).
Impact
Cause COFS
Peer rank
Overall impact

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Impact trend

Change in rating for overall impact

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Company
Employees
577
Sector
Financials
Industry
Banks
Sub-industry
Regional Banks
SASB industry
Commercial Banks
Headquarters
Mi, United States
Share classes
COFS
Description
ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides banking services in Michigan. The company offers time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers sells insurance policies, such as life and health for commercial and consumer clients; and alternative investment products, which include annuities and mutual funds through a registered broker, as well as owns intellectual property for a fintech product. Further, it provides trust and wealth management services. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.
Material causes
Ethos considers the following causes material for ChoiceOne Financial Services, based on its industry sub-industry Regional Banks. Learn more about material causes in our methodology overview.

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