Mackinac Financial Corporation

Last updated

Mackinac Financial Corporation
Nasdaq: MFNC
Industry Finance
Founded1974
FateAcquired by Nicolet Bankshares
Headquarters Manistique, Michigan, United States
Key people
Paul Tobias, Chairman, and CEO
Products Financial services
$19.824 million (Dec. 31, 2012) [1]
Total assets $545.980 million (Dec. 31, 2012) [1]
Total equity Increase2.svg US$ 72.448  million (2012) [2]
Website homepage

Mackinac Financial Corporation was a Manistique, Michigan-based bank holding company for Michigan bank mBank. It provided commercial and retail banking products and services and was incorporated on December 16, 1974. [3] The company's common stock was traded on the NASDAQ stock market under the symbol of "MFNC" [4] until the company was acquired by Nicolet National Bank in September 2021.

Contents

Operations

The company, through the operation of its subsidiary mBank, offered loan and deposit products, customary retail services, and commercial banking services including time deposits, interest-bearing transaction accounts, health saving accounts, treasury management, online banking service, real estate mortgage lending and so on.[ citation needed ] Apart from the bank, the company also operated non-bank subsidiaries: First Manistique Agency, First Rural Relending Company, and North Country Capital Trust to offer financial services. [5]

Acquisitions

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References

  1. 1 2 2012 Annual Report (Report). Mackinac Financial Corporation. December 31, 2012. Retrieved November 25, 2013.
  2. "Edgar Pro". Google.brand.edgar-online.com. Retrieved March 5, 2014.
  3. "Mackinac Financial Corp (MFNC.O)". Reuters. Retrieved November 25, 2013.
  4. "Corporate Profile". Mackinac Financial Corporation. Retrieved November 25, 2013.
  5. "Mackinac Financial Corp (MFNC.O) Company Profile". Reuters.com. Archived from the original on March 5, 2014. Retrieved March 5, 2014.
  6. 1 2 3 "Shareholder Information". Mackinac Financial Corporation. Retrieved November 25, 2013.
  7. "2013 Stock Buyback Program". Mackinac Financial Corporation. Retrieved November 29, 2013.
  8. "Mergers continue to make banks bigger". Traverse City Record-Eagle. January 26, 2016. Retrieved January 28, 2016.
  9. "Mackinac Financial completes First Federal of Northern Michigan acquisition". www.spglobal.com. Retrieved August 11, 2020.