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Mackinac Financial Corp. (MFNC)On Nov 19: 4.90   0.00 (0.00%)  
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Mackinac Financial Corp.
130 South Cedar Street
Manistique, MI 49854
United States - Map
Phone: 888-343-8147
Fax: 906-341-8578
Web Site: http://www.bankmbank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Southwest Banks
Full Time Employees:100

BUSINESS SUMMARY 
Mackinac Financial Corporation operates as the holding company for mBank that provides commercial and retail banking products and services in Michigan. The company offers interest bearing and non-interest bearing deposit products, including commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, and certificates of deposit. Its loan portfolio comprises commercial and residential real estate loans; mortgage, commercial, and installment loans; commercial and governmental lease financing; financial and agricultural loans; and consumer loans, which consist of installment, mortgages, home equity loans, and one to four family loans. The company also provides safe deposit facilities and online banking services, as well as offers relending services for nonprofit organizations. As of May 21, 2009, it operated 9 branch offices located in the Upper Peninsula of Michigan; 3 branch offices in Michigan’s Lower Peninsula; and 1 office in Oakland County, Michigan. The company was founded in 1974 and is headquartered in Manistique, Michigan.
Key Statistics

COMPANY WEBSITES 
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    CORPORATE GOVERNANCE 
    Mackinac Financial Corp.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 65.6% of CGQ Universe companies and 50.1% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Paul D. Tobias , 58
    Chairman, Chief Exec. Officer, Chairman of NORTH COUNTRY BANK AND TRUST, Chairman of Mbank and Chief Exec. Officer of North Country Bank & Trust
    N/A N/A
    Mr. Kelly W. George , 41
    Pres, Chief Lending Officer, Director, Chief Exec. Officer of Mbank, Pres of Mbank, Chief Lending Officer of North Country Bank & Trust of Mbank
    N/A N/A
    Mr. Ernie R. Krueger , 59
    Chief Financial Officer, Principal Accounting Officer, Exec. VP, Chief Financial Officer of Mbank and Exec. VP of Mbank
    N/A N/A
    Mr. David C. Crimmins ,
    Sr. VP, Commercial Lender, Regional Pres of Southeast Michigan, Regional Pres of Southeast Michigan of Mbank, Sr. VP of North Country Bank & Trust and Commercial Lender of MBANK
    N/A N/A
    Mr. Andrew P. Sabatine ,
    Regional Pres of Northern Lower Peninsula, Regional Pres of Northern Lower Peninsula of Mbank, Sr. VP of MBANK and Commercial Lender of MBANK
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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