Patrick A. Cronin serves as Independent Director of the Company. He has been a State Farm Insurance Agent in Lapeer, Michigan since 1974. Mr. Cronin was appointed as a director of ChoiceOne on October 1, 2019. Mr. Cronin previously served as director of County Bank Corp, parent company of Lakestone Bank & Trust, since 1993. While a director of County Bank Corp, Mr. Cronin served as chairman of the Insurance Committee as well as member of the Audit, Compensation, Nominating and Loan committees. Mr. Cronin is past president and chairman of numerous organizations in Lapeer County, including the Mayfield Township Airport Board, City of Lapeer Downtown Development Authority, Big Brothers Big Sisters of Lapeer County, Lapeer County Hockey Association, Lapeer Optimist Club and the Gus Macker Basketball Lapeer. Mr. Cronin is qualified for service as a continuing director by virtue of his 27 years of experience as an outside bank director, and his business and insurance expertise.
As the Independent Director of ChoiceOne Services, the total compensation of Patrick Cronin at ChoiceOne Services is $4,875. There are 14 executives at ChoiceOne Services getting paid more, with Kelly J. Potes CFP having the highest compensation of $505,807.
Patrick Cronin is 66, he's been the Independent Director of ChoiceOne Services since 2019. There are 4 older and 23 younger executives at ChoiceOne Services. The oldest executive at ChoiceOne Financial Services, Inc. is James Bosserd, 70, who is the Independent Director.
Patrick's mailing address filed with the SEC is 109, East Division Street, Sparta, Sparta Township, Kent County, Michigan, 49345, United States.
Over the last 5 years, insiders at ChoiceOne Services have traded over $419,271 worth of ChoiceOne Services stock and bought 111,469 units worth $2,641,897 . The most active insiders traders include Kelly Potes, Bruce John Jr Essex y Eric E Burrough. On average, ChoiceOne Services executives and independent directors trade stock every 30 days with the average trade being worth of $92,107. The most recent stock trade was executed by Michael J Jr Burke on 9 August 2024, trading 500 units of COFS stock currently worth $13,375.
ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial loans, 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 safe deposit and automated transaction machine services; and alternative investment products, including annuities and mutual funds, as well as sells insurance policies, such as life and health for commercial and consumer clients. It operates 32 full-service offices in Kent, Muskegon, Newaygo, and Ottawa, Lapeer, Macomb, and St. Clair counties, Michigan. The company also operates three loan production offices. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.
ChoiceOne Services executives and other stock owners filed with the SEC include: