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Mackinac Financial Corporation
130 S Cedar St
PO Box 369
Phone: (906) 341-8401p:906 341-8401 MANISTIQUE, MI  49854-0369  United States Fax: (906) 341-2727f:906 341-2727
This company is no longer actively traded on any major stock exchange.
Business Summary
Mackinac Financial Corporation is a bank holding Company of mBank (the Bank). The Company, through the Bank, is engaged in the general commercial banking business. The Bank provides a range of loan and deposit products. These banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, safe deposit facilities, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing. The funds for the Bank's operation are also provided by brokered deposits and through borrowings from the Federal Home Loan Bank (FHLB) system, proceeds from the sale of loans and mortgage-backed and other securities, funds from repayment of outstanding loans and earnings from operations. The Bank has over 13 branch offices located in the Upper Peninsula of Michigan and four branch offices located in Michigan's Lower Peninsula.
(Source: 10-K)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
---Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/202112/31/2020YesYes---

Industries
SIC Code Description
6022 State commercial banks
6029 Commercial banks, not elsewhere classified
6712 Offices of bank holding companies

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Chief Executive Officer of the Company; Chairman of the Bank Paul D.Tobias 70 11/1/2006 12/16/2004
President, Director of the Company; President, Chief Executive Officer of the Bank Kelly W.George 53 12/21/2006 11/16/2006
Chief Financial Officer, Executive Vice President of the Company and the Bank Jesse R.Deering 41 12/31/2018 8/1/2016
5 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
First Federal of Northrn Mchgn Bncrp Inc 100 S 2nd Ave ALPENA MI United States
ALPENA BANKING CORPORATION 468 NORTH RIPLEY BOULEVARD ALPENA MI US
PENINSULA FINANCIAL CORPORATION 100 SOUTH MAIN STREET ISHPEMING MI US
8 additional Subsidiary records available in full report.

Business Names
Business Name
First Federal of Northrn Mchgn Bncrp Inc
First Manistique Agency, Inc.
First National Bank of Eagle River
9 additional Business Names available in full report.

General Information
Number of Employees: 315 (As of 12/31/2020)
Outstanding Shares: 10,550,393 (As of 8/11/2021)
Shareholders: 1,600
Stock Exchange: NASD
Federal Tax Id: 382062816
Fax Number: (906) 341-2727


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Tuesday, April 2, 2024