Company
Mackinac Financial Corporation
Headquarters: Manistique, MI, United States
Founded: 1974
Employees: 291
CEO: Mr. Paul D. Tobias
Market Cap
$223.8 Million
USD as of Aug. 1, 2021
Mackinac Financial Corporation Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Top Competitors by Market Capitalization
Industry: Banks—Regional
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Sector:
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| Berkshire Hathaway | $887.16 B |
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Detailed Description
Mackinac Financial Corporation operates as the bank holding company for mBank that provides commercial and retail banking products and services in the United States. It offers interest bearing and non-interest bearing accounts, such as commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, certificates of deposit, time deposits, and interest bearing transaction accounts. The company provides loan products, including commercial loans to entities within real estate  operators of nonresidential buildings industry; consumer loan products comprising installment, mortgages, home equity loans, and residential mortgage loans; and commercial and governmental lease financing, as well as offers safe deposit facilities. It has 28 branch locations, including 10 in the Upper Peninsula, 10 in the Lower Peninsula, 1 in Southeast Michigan, Michigan, and 7 in Wisconsin. The company was formerly known as North Country Financial Corporation and changed its name to Mackinac Financial Corporation in December 2004. Mackinac Financial Corporation was incorporated in 1974 and is headquartered in Manistique, Michigan.
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Stocks & Indices
Mackinac Financial Corporation has the following listings and related stock indices.
Stock: NASDAQ: MFNC wb_incandescent
Product & Services
Financial services
Key People
Paul Tobias, Chairman, and CEO
Financials
Net income: $19.824 million (Dec. 31, 2012)
Total assets: $545.980 million (Dec. 31, 2012)
Total equity: US$ 72.448 million (2012)