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Press Release

ChoiceOne Announces Annual Scholarship Essay Contest

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ChoiceOne Financial Services, Inc. (Nasdaq: COFS) (“ChoiceOne”), the parent company of ChoiceOne Bank and Lakestone Bank & Trust, will kickoff The ChoiceOne Bank Scholarship Contest designed to provide needs-based scholarships for graduating seniors in the communities the Banks serve.

As locally owned community banks, ChoiceOne wants to encourage and reward graduating seniors who are motivated to obtain a degree. This Scholarship will award a one-time scholarship of $1,000 to each recipient. Spanning Michigan, ChoiceOne serves two markets  – ChoiceOne Bank serves the West market and Lakestone Bank & Trust serves the East market. Six winners will be selected from each market. Students who received a Lakestone Bank & Trust Scholarship in 2019 or earlier and who are eligible to apply for an extension, will receive their award from ChoiceOne Bank.

“We are committed to the families in our communities across Michigan,” said ChoiceOne CEO Kelly Potes. “Our seniors are our next generation of customers and we believe it’s important for them to realize the benefits of being raised and educated in a caring and supportive local community. As parents, we want our kids to see the value of community service. We’d also like them to return to the communities they supported to raise their families.”

Scholarship Essay Contest

The ChoiceOne Bank Scholarship Essay Contest will run from February 27 to March 27. Seniors from ChoiceOne Bank and Lakestone Bank and Trust communities will have the opportunity to write a 500 word or less essay about one of their community service experiences and describe why they got involved, who benefited and how they benefited. It is the responsibility of the applicant to submit the application and supporting documents at choiceone.com/essaycontest/ by Friday, March 27. Supporting documents required include completion of the online application, the student’s high school transcript or GED documentation, and the first page of each prior year tax return for the parents/guardians and student.


Who Can Participate
Eligible candidates include high school seniors, GED recipients in the current calendar year that have not begun college classes, and home school students with documentation of high school equivalency and college eligibility. Applicable students must be graduating seniors from schools in ChoiceOne’s communities who are planning to attend an accredited two-year or four-year college in Michigan for the fall of 2020. Relatives of ChoiceOne’s employees and board members are eligible to apply. Employees and board members are ineligible.

“We truly value the youth in our communities,” said Potes. “It is our hope that our students return to their roots to raise their families and grow their businesses. This scholarship contest helps our youth understand the importance of community service especially as they graduate from high school. It is definitely a local thing for us and spans the communities we serve in the East and West sides of our great state.”

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What You Will Need Close Warning

Applying is fast and easy. Here’s what you’ll need to have ready:

  1. Your Social Security Number or Individual Tax Identification Number (ITIN)
  2. A US government-issued photo ID (e.g. Driver’s License, Passport, or State)
  3. A credit or debit card to fund your new account
  4. A valid email address

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial Banks to obtain, verify, and record information that identifies each person who opens an account.

What this means for you:
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We must also ask to see your driver’s license or other identifying documents.

Online Applications are available for residents of our service area including Kent, Newaygo, Muskegon, Ottawa, Montcalm, Oceana, Osceola, Ionia, Mecosta, Lake, Allegan, and Barry Counties in Michigan.