FFNM - First Federal of Northern Michi

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News
Press Releases
  • GlobeNewswire3 months ago

    Mackinac Financial Corporation Completes the Acquisition of First Federal of Northern Michigan

    MANISTIQUE, Mich., May 18, 2018-- The Directors of Mackinac Financial Corporation, the holding company for mBank, today announced the consummation of the all-stock merger of First Federal of Northern Michigan ...

  • First Federal of Northern Michigan Bancorp, Inc. Announces First Quarter 2018 Results
    PR Newswire4 months ago

    First Federal of Northern Michigan Bancorp, Inc. Announces First Quarter 2018 Results

    ALPENA, Mich. , April 27, 2018 /PRNewswire/ -- First Federal of Northern Michigan Bancorp, Inc. (OTCQX: FFNM) (the "Company") reported consolidated net earnings of $396,000 , or $0.11 per basic ...

  • First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend
    PR Newswire4 months ago

    First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend

    ALPENA, Mich., April 17, 2018 /PRNewswire/ -- First Federal of Northern Michigan Bancorp, Inc. (FFNM) would like to inform its shareholders that the Board of Directors declared a quarterly cash dividend in the amount of $0.05 per common share. First Federal of Northern Michigan Bancorp, Inc. is the holding company for First Federal of Northern Michigan (the "Bank"). The Bank is a full-service, community-oriented savings bank that provides financial services to individuals, families and businesses from seven full-service facilities located in Alpena, Cheboygan, Emmet, Otsego, Montmorency and Oscoda Counties, Michigan.

  • First Federal of Northern Michigan Bancorp, Inc. Announces Fourth Quarter 2017 Results
    PR Newswire6 months ago

    First Federal of Northern Michigan Bancorp, Inc. Announces Fourth Quarter 2017 Results

    ALPENA, Mich. , Feb. 16, 2018 /PRNewswire/ -- First Federal of Northern Michigan Bancorp, Inc. (OTCQX: FFNM) (the "Company") reported a consolidated net loss of $682,000 , or $0.18 per basic ...

  • First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend
    PR Newswire7 months ago

    First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend

    ALPENA, Mich., Jan. 23, 2018 /PRNewswire/ -- First Federal of Northern Michigan Bancorp, Inc. (FFNM) would like to inform its shareholders that the Board of Directors declared a quarterly cash dividend in the amount of $0.05 per common share. This dividend will be paid on or about February 23, 2018, to stockholders of record as of the close of business on February 2, 2018. "We are pleased to announce the continuance of our payment of a quarterly dividend to our shareholders.

  • First Federal of Northern Michigan Bancorp, Inc. Announces Third Quarter 2017 Results
    PR Newswire10 months ago

    First Federal of Northern Michigan Bancorp, Inc. Announces Third Quarter 2017 Results

    ALPENA, Mich. , Oct. 27, 2017 /PRNewswire/ -- First Federal of Northern Michigan Bancorp, Inc. (OTCQX: FFNM) (the "Company") reported consolidated net income of $396,000 , or $0.11 per share, ...

  • First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend
    PR Newswire10 months ago

    First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend

    ALPENA, Mich., Oct. 25, 2017 /PRNewswire/ -- First Federal of Northern Michigan Bancorp, Inc. (FFNM) would like to inform its shareholders that the Board of Directors declared a quarterly cash dividend in the amount of $0.05 per common share. This dividend will be paid on or about November 24, 2017, to stockholders of record as of the close of business on October 31, 2017. "We are pleased to announce the continuance of our payment of a quarterly dividend to our shareholders.

  • First Federal Of Northern Michigan Bancorp, Inc. Announces Execution Of Branch Sale Agreement
    PR Newswire10 months ago

    First Federal Of Northern Michigan Bancorp, Inc. Announces Execution Of Branch Sale Agreement

    ALPENA, Mich., Oct. 10, 2017 /PRNewswire/ -- First Federal of Northern Michigan Bancorp, Inc. (FFNM) ("First Federal Bancorp"), the parent company of First Federal of Northern Michigan ("First Federal Bank"), has agreed to sell deposits and certain loans associated with their Branch in Oscoda, Michigan to Huron Community Bank, effectively exiting that market. The decision to sell and exit the Oscoda market was related to management's ongoing focus toward enhancing the efficiencies of its branch network. The transaction, which is subject to the receipt of all applicable federal and state regulatory approvals, will include the transfer of an estimated $10.9 million of deposits and $1.5 million of loans to Huron Community Bank.  First Federal Bank's branch office at 201 N. State Street in Oscoda will be closed as part of the transaction, and Huron Community Bank will continue serving those customers at its existing full service Oscoda branch office.