Type Public Industry Finance Website homepage Total equity 72.45 million USD (2012) | Traded as NASDAQ: MFNC Products Financial services Founded 16 December 1974 | |
Key people Paul Tobias, Chairman, and CEO Stock price MFNC (NASDAQ) US$ 13.50 -0.08 (-0.59%)16 Mar, 4:00 PM GMT-4 - Disclaimer Headquarters Traverse City, Michigan, United States Net income 19.82 million USD (Dec. 31, 2012) Total assets 892.2 million USD (June 30, 2016) Subsidiaries Mbank Mortgage Company, LLC | ||
Mackinac Financial Corporation is a bank holding company for mBank, it provides commercial and retail banking products and services and was incorporated on December 16, 1974. The company's common stock is traded on the NASDAQ stock market under the symbol of “MFNC.”
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Operations
The company, through the operation of its subsidiary mBank, offers 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. Apart from the bank, the company also operates non-bank subsidiaries: First Manistique Agency, First Rural Relending Company and North Country Capital Trust to offer financial services.