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

ChoiceOne Financial Services Acquires Fentura Financial

March 3, 2025

Financial Services

ChoiceOne Financial Services, Inc. completed the merger of Fentura Financial, Inc. into ChoiceOne effective March 1, 2025, creating a bank holding company with assets exceeding $4 billion and a combined network of 56 offices across Michigan. The combined organization will be headquartered in Sparta, Michigan and expands ChoiceOne's presence into Central and Southeastern Michigan to enhance commercial and consumer lending capabilities and digital and branch banking services.

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.

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.

BankFirst Capital Corporation Acquires The Magnolia State Corporation and Magnolia State Bank

July 1, 2025

Financial Services

BankFirst Capital Corporation completed its acquisition of The Magnolia State Corporation and its wholly owned subsidiary Magnolia State Bank effective July 1, 2025. The deal expands BankFirst’s branch network to 52 offices across Mississippi and Alabama and increases pro forma assets to approximately $3.2 billion, with gross loans of about $2.2 billion and deposits of roughly $2.8 billion; several Magnolia executives have joined BankFirst in regional leadership roles.

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.