ChoiceOne Bank

ChoiceOne Bank

Overview / Commentary
109 E. Division
Sparta, MI 49345

ChoiceOne Bank is headquartered in SPARTA and is the 6th largest bank in the state of Michigan. It is also the 446th largest bank in the nation. It was established in 1898 and as of March of 2024, it had grown to 367 employees at 31 locations. ChoiceOne Bank has an A health rating.

Reviews (2)

Great Local Bank

Posted by: |

I have loved banking with this small bank. The people are very nice and honest with me. The manager gave me good advice when I had my purse stolen and signed me up for the identity protection. :)

Would not Recommend this Bank!

Decided to switch to a larger national bank after be coming fed up with the customer service, and the overall experience with this bank. I had an issue where they overcharged me by quite a bit, and they were unwilling to work with me at all. I definitely would not recommend.


Health Grade Components

FDIC Certificate #1014
Year Established1898
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD10.73%
Annual Interest Income$28.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.67B$2.41B
LoansQ1 2024vs Q1 2023$1.41B$1.2B
DepositsQ1 2024vs Q1 2023$2.2B$2.11B
Equity CapitalQ1 2024vs Q1 2023$227.3MM$191.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$16MM$15.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.7MM$1.6MM
Real Estate OwnedQ1 2024vs Q1 2023$122K$130K

Sorry, we do not have rate data for ChoiceOne Bank.



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.