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Mackinac Financial Corporation (MFNC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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20.65-0.25 (-1.20%)
As of 1:25PM EDT. Market open.

Mackinac Financial Corporation

130 South Cedar Street
Manistique, MI 49854
United States
888 343 8147
http://www.bankmbank.com

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees310

Key Executives

NameTitlePayExercisedYear Born
Mr. Paul D. TobiasChairman & CEO591.62kN/A1951
Mr. Kelly W. GeorgePres & Director594.21kN/A1968
Mr. Jesse A. DeeringExec. VP & CFO380.41kN/A1980
Amounts are as of December 31, 2020 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. Currency in USD.

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.

Corporate Governance

Mackinac Financial Corporation’s ISS Governance QualityScore as of June 1, 2021 is 7. The pillar scores are Audit: 8; Board: 9; Shareholder Rights: 5; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.