Mackinac Financial Corporation Mackinac Financial Corporation is a Manistique , Michigan-based bank holding company for Michigan bank mBank . It provides commercial and retail banking products and services and was incorporated on December 16 , 1974. The company's common stock is traded on the NASDAQ stock market under the symbol of “MFNC.”Operations The company, through the operation of its subsidiary mBank, offers loan and deposit products, customary retail services and commercial banking services including time deposits , interest-bearing transaction accounts , health saving accounts , treasury management , online banking service , real estate mortgage lending and so on. Apart from the bank, the company also operates non-bank subsidiaries: First Manistique Agency, First Rural Relending Company and North Country Capital Trust to offer financial services.Acquisitions The company completed the acquisition of UP Financial, Inc in 1997 The company completed the acquisition of South Range State Bank in 1996 The company completed the acquisition of Bank of Stephenson in 1993 The company announced a stock buyback program at its 2013 February meeting, which authorized the repurchase of $600,000 of the company's outstanding common stock over a two-year period. The company announced the acquisition of the First National Bank of Eagle River , making it the largest bank headquartered in the Upper Peninsula with $900 million in assets
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