Community Shores Bank Corporation
Community Shores Bank — Merger or Acquisition (January 2020)
12 slides from Community Shores Bank's merger presentation, Jan 6, 2020
Slide 1: Community Shores Bank Employee Presentation
ChoiceOne Our Vision: To be the best bank in Michigan COMMUNITY SHORES BANK EMPLOYEE PRESENTATION
Slide 2: Forward-Looking Statements & Additional Information
Forward-Looking Statements & Additional Information This presentation contains forward-looking statements. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “is likely,” “plans,” “predicts,” “projects,” “may,” “could,” “look forward,” “continue”, “future” and v
Slide 3: Meet ChoiceOne Financial Services, Inc.
ChoiceOne Meet ChoiceOne Financial Services, Inc. • Serving Michigan since 1898 • Parent company of ChoiceOne Bank and Lakestone Bank & Trust • Publicly Traded under ticker “COFS” • Majority of our Shareholders have local connections • Over 331 employees all based in Michigan • Board of Directors ar
Slide 4: Mission and Values
• ChoiceOne Our mission is to provide superior service, quality advice, and show utmost respect to everyone we meet. • Vision: To be the best bank in Michigan and we can do it together! Mission and Values
Slide 5: Announcement
ChoiceOne Announcement ▪ ChoiceOne Financial Services, Inc. has entered into a definitive merger agreement whereby it will acquire Community Shores Bank Corporation. ▪ The transaction is expected to close in the second quarter of 2020, subject to the satisfaction of customary closing conditions, inc
Slide 6: Reasons Behind the Pending Acquisition
ChoiceOne Reasons Behind the Pending Acquisition ▪ ChoiceOne and Community Shores joining forces is a natural geographical and cultural fit. ▪ Extends ChoiceOne’s footprint into Muskegon and Ottawa counties. ▪ Similar culture, values and commitment to our local communities. ▪ Opportunity for employe
Slide 7: Anticipated Timeline
ChoiceOne Date Activity January 6, 2020 Announcement of definitive merger agreement First Half 2020 Approval of merger by Community Shores shareholders and regulators First Half 2020 ChoiceOne Financial Services, Inc. completes acquisition of Community Shores Bank Corporation Second Quarter 2020 Con
Slide 8: Corporate Structure Current
Community Shores Bank Corporation Community Shores Bank Corporate Structure Current ChoiceOne Financial Services, Inc. ChoiceOne Bank Lakestone Bank & Trust
Slide 9: Corporate Structure Post Merger and Leadership
ChoiceOne Financial Services, Inc. ChoiceOne Bank Lakestone Bank & Trust Community Shores Bank Corporate Structure Post Merger Q2 2020 Paul Johnson Chairman, ChoiceOne Financial Services, Inc. Bruce Cady Vice Chairman, ChoiceOne Financial Services, Inc. Kelly Potes CEO, ChoiceOne Financial Services,
Slide 10: Pro Forma Footprint
▪ ChoiceOne Locations in West and Southeast Michigan ▪ Most branches serve rural markets with deep community ties ▪ Similar rural footprint with growth areas in larger nearby markets of Macomb County, Oakland County, Muskegon, and Grand Rapids Pro Forma Footprint
Slide 11: Services Available
ChoiceOne Service Available? Retail Lending Yes Advanced Treasury Services including remote capture Yes Commercial Lending Specialties Agriculture Medical Full Service Mortgage Yes Investment Services Trust Department * & Investment Center Services Available * Trust Department services are available
Slide 12: Committed to Transparency
• ChoiceOne Further Questions – See the separate FAQ document Committed to Transparency
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