|
130 S. Cedar St. Manistique, MI 49854 MI Tel. 906-341-8401 Toll Free 888-343-8147 Fax 906-341-8578 |
Type: Public
On the web:
http://www.bankmbank.com
Employees:
116
Employee growth: 0.0%
Mackinac Financial Corporation is the holding company for mBank, which operates about a dozen branches in Michigan's Upper Peninsula and the northern part of the Lower Peninsula, as well as suburban Detroit. Serving local consumers and business clients, the bank provides traditional deposit products such as checking and savings accounts and CDs. Commercial real estate loans account for about three-quarters of the company's loan portfolio, which also consists of agricultural, business, construction, residential, and consumer loans. mBank offers treasury management products and services to small and midsized businesses, as well. Institutional investors own approximately half of Mackinac Financial's stock.
Key numbers for fiscal year ending December, 2011:
Sales: $26.7M
One year growth: 4.3%
Net income: $2.2M
Officers:
Chairman and CEO; Chairman, mBank: Paul D. Tobias
President and Director; President and CEO, mBank: Kelly W. George
EVP and CFO, Mackinac Financial and mBank: Ernie R. Krueger
Competitors:
Citizens Republic Bancorp
Community Shores Bank
Fifth Third
Halted. Market Data powered by QuoteMedia, fundamentals by Morningstar. Terms of use.
Read more