Mackinac Financial (MFNC) 11.55 $MFNC
Mackinac Financial Corporation Completes the Acquisition of First National Bank of Niagara
Marketwire Canada - Wed Aug 31, 1:42PM CDT
MANISTIQUE, MI--(Marketwired - Aug 31, 2016) - The Directors of Mackinac Financial Corporation (NASDAQ: MFNC) (Mackinac), the holding company for mBank, today announced the consummation of the acquisition of The First National Bank of Niagara (Niagara), Niagara, Wisconsin, from its holding company Niagara Bancorporation Inc. First National Bank of Niagara was immediately consolidated into mBank and all branches will open as mBank locations on Thursday, September 1, 2016.
MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Declares $.10 Cash Dividend on Common Stock
Marketwire Canada - Tue Aug 23, 11:53AM CDT
MANISTIQUE, MI--(Marketwired - Aug 23, 2016) - Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"
, announced the approval of a cash dividend by its Board of Directors on August 23, 2016. The Board of Directors declared a cash dividend of $.10 per common share, payable October 3, 2016 to shareholders of record at September 23, 2016. The dividend is unchanged from the prior quarter's dividend.
MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Announces Six Month and Second Quarter 2016 Results
Marketwire Canada - Thu Aug 04, 11:10AM CDT
MANISTIQUE, MI--(Marketwired - Aug 4, 2016) - Mackinac Financial Corporation (NASDAQ: MFNC) (the "Corporation", the bank holding company for mBank, today announced a net loss, after certain acquisition transaction expenses described below, for the second quarter 2016 of $.125 million or ($.02) per share compared to net income of $1.614 million, or $.26 per share, for the second quarter of 2015 and $1.132 million, or $.18 per share, in the 2016 first quarter. Net income for the first six months of 2016 totaled $1.007 million, or $.16 per share, after acquisition transaction expenses, compared to $2.985 million, or $.48 per share, for the same period in 2015. Total assets of the Corporation at June 30, 2016 totaled $892.238 million, compared to $735.338 million at June 30, 2015. Weighted average shares for 2016 totaled 6,231,246, compared to 6,245,553 shares in the same period of 2015.
MFNC: 11.55 (+0.01)
Ernie R. Krueger to Retire After 12 Years With Mackinac Financial Corporation; Company Announces CFO Succession
Marketwire Canada - Wed Jun 01, 1:50PM CDT
MANISTIQUE, MI--(Marketwired - Jun 1, 2016) - The Directors of Mackinac Financial Corporation (NASDAQ: MFNC) (Mackinac), the holding company for mBank, announced today that Executive Vice President and Chief Financial Officer, Ernie R. Krueger, will be retiring effective July 31, 2016. They have appointed mBank Senior Vice President and Managing Director of Retail Branch Banking, Marketing & Special Capital Projects, Jesse A. Deering, to Executive Vice President and Chief Financial Officer of both Mackinac and mBank, effective August 1, 2016. During the past several months, MFNC's board of directors and executive management have developed a comprehensive transition plan to ensure a seamless succession. The plan also calls for increased responsibility for current Senior Vice President & Controller, Jennifer Stempki, who has been working in the Finance Department for over 13 years.
MFNC: 11.55 (+0.01)
Mackinac Financial Corporation to Acquire Niagara Bancorporation (Wisconsin)
Marketwired - Tue May 24, 10:33AM CDT
MANISTIQUE, MI and NIAGARA, WI--(Marketwired - May 24, 2016) - Mackinac Financial Corporation (NASDAQ: MFNC)
IRM: 38.41 (+0.01), MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Reports First Quarter 2016 Results
Marketwire Canada - Mon May 09, 10:01AM CDT
MANISTIQUE, MI--(Marketwired - May 9, 2016) - Mackinac Financial Corporation (NASDAQ: MFNC) (the "Corporation", the bank holding company for mBank, today announced first quarter 2016 income of $1.132 million, or $.18 per share, compared to net income of $1.371 million, or $.22 per share, for the first quarter of 2015. The 2015 first quarter income was positively impacted by a one-time $.283 million credit mark accretion under GAAP from the acquired loan portfolio from Peninsula Bank (Pen). 2015 income adjusted for this item was $1.088 million, or $.17 per share. Total assets of the Corporation at March 31, 2016 totaled $732.932 million compared to $728.844 million at March 31, 2015.
MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Completes the Acquisition of First National Bank of Eagle River
Marketwired - Fri Apr 29, 1:49PM CDT
The Directors of Mackinac Financial Corporation (NASDAQ: MFNC) (Mackinac), the holding company for mBank, today announced the consummation of the acquisition of The First National Bank of Eagle River (FNBER), Eagle River, Wisconsin, from its holding company Ellis Bankshares, Inc. (Ellis). FNBER was immediately consolidated into mBank and all branches will open as mBank locations on Monday, May 2, 2016.
MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Reports Strong Earnings Growth for 2015
Marketwired - Wed Feb 03, 2:13PM CST
Mackinac Financial Corporation (NASDAQ: MFNC) (the "Corporation", the bank holding company for mBank, today announced 2015 net income of $5.596 million, or $.90 per share, compared to net income $1.700 million, or $.30 per share in 2014. The 2015 results include one-time charges related to (i) the transfer of our asset based lending subsidiary assets to mBank, which charges included unamortized debt issue and dissolution costs of the subsidiary, and (ii) regulatory audit costs incurred in connection with our approval as an SBA preferred lender, along with a deferred tax valuation adjustment of $.322 million. The net positive impact of these items was approximately $.02 per share.
MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Reports Nine Month and Third Quarter 2015 Results
Marketwired - Fri Oct 30, 12:39PM CDT
Mackinac Financial Corporation (NASDAQ: MFNC) (the "Corporation", the bank holding company for mBank, today announced third quarter 2015 net income of $1.018 million or $.16 per share compared to net income available to common shareholders of $.886 million, or $.16 per share for the third quarter of 2014. The 2015 third quarter results include one-time charges related to (i) the transfer of our asset based lending subsidiary assets to mBank, which charges included unamortized debt issue costs and a prepayment penalty, and (ii) regulatory audit costs incurred in connection with our approval as an SBA preferred lender. Operating results for the first nine months of 2015 totaled $4.003 million or $.64 per share compared to $2.352 million or $.43 per share for the same period in 2014. Total assets of the Corporation at September 30, 2015 totaled $754.972 million, compared to $613.943 million at September 30, 2014.
MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Declares 33% Increase in Cash Dividend on Common Stock
Marketwired - Tue Aug 25, 12:20PM CDT
Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank", announced the approval of a cash dividend by its Board of Directors on August 25, 2015. The Board of Directors declared an increased cash dividend of $.10 per common share, payable October 5, 2015 to shareholders of record at September 23, 2015. The dividend is a 33% increase from the prior quarter's dividend.
MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Completes the Acquisition of First National Bank of Niagara
Marketwire Canada - Wed Aug 31, 1:42PM CDT
MANISTIQUE, MI--(Marketwired - Aug 31, 2016) - The Directors of Mackinac Financial Corporation (NASDAQ: MFNC) (Mackinac), the holding company for mBank, today announced the consummation of the acquisition of The First National Bank of Niagara (Niagara), Niagara, Wisconsin, from its holding company Niagara Bancorporation Inc. First National Bank of Niagara was immediately consolidated into mBank and all branches will open as mBank locations on Thursday, September 1, 2016.
MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Declares $.10 Cash Dividend on Common Stock
Marketwire Canada - Tue Aug 23, 11:53AM CDT
MANISTIQUE, MI--(Marketwired - Aug 23, 2016) - Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"
, announced the approval of a cash dividend by its Board of Directors on August 23, 2016. The Board of Directors declared a cash dividend of $.10 per common share, payable October 3, 2016 to shareholders of record at September 23, 2016. The dividend is unchanged from the prior quarter's dividend. MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Announces Six Month and Second Quarter 2016 Results
Marketwire Canada - Thu Aug 04, 11:10AM CDT
MANISTIQUE, MI--(Marketwired - Aug 4, 2016) - Mackinac Financial Corporation (NASDAQ: MFNC) (the "Corporation"
, the bank holding company for mBank, today announced a net loss, after certain acquisition transaction expenses described below, for the second quarter 2016 of $.125 million or ($.02) per share compared to net income of $1.614 million, or $.26 per share, for the second quarter of 2015 and $1.132 million, or $.18 per share, in the 2016 first quarter. Net income for the first six months of 2016 totaled $1.007 million, or $.16 per share, after acquisition transaction expenses, compared to $2.985 million, or $.48 per share, for the same period in 2015. Total assets of the Corporation at June 30, 2016 totaled $892.238 million, compared to $735.338 million at June 30, 2015. Weighted average shares for 2016 totaled 6,231,246, compared to 6,245,553 shares in the same period of 2015. MFNC: 11.55 (+0.01)
Ernie R. Krueger to Retire After 12 Years With Mackinac Financial Corporation; Company Announces CFO Succession
Marketwire Canada - Wed Jun 01, 1:50PM CDT
MANISTIQUE, MI--(Marketwired - Jun 1, 2016) - The Directors of Mackinac Financial Corporation (NASDAQ: MFNC) (Mackinac), the holding company for mBank, announced today that Executive Vice President and Chief Financial Officer, Ernie R. Krueger, will be retiring effective July 31, 2016. They have appointed mBank Senior Vice President and Managing Director of Retail Branch Banking, Marketing & Special Capital Projects, Jesse A. Deering, to Executive Vice President and Chief Financial Officer of both Mackinac and mBank, effective August 1, 2016. During the past several months, MFNC's board of directors and executive management have developed a comprehensive transition plan to ensure a seamless succession. The plan also calls for increased responsibility for current Senior Vice President & Controller, Jennifer Stempki, who has been working in the Finance Department for over 13 years.
MFNC: 11.55 (+0.01)
Mackinac Financial Corporation to Acquire Niagara Bancorporation (Wisconsin)
Marketwired - Tue May 24, 10:33AM CDT
MANISTIQUE, MI and NIAGARA, WI--(Marketwired - May 24, 2016) - Mackinac Financial Corporation (NASDAQ: MFNC)
IRM: 38.41 (+0.01), MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Reports First Quarter 2016 Results
Marketwire Canada - Mon May 09, 10:01AM CDT
MANISTIQUE, MI--(Marketwired - May 9, 2016) - Mackinac Financial Corporation (NASDAQ: MFNC) (the "Corporation"
, the bank holding company for mBank, today announced first quarter 2016 income of $1.132 million, or $.18 per share, compared to net income of $1.371 million, or $.22 per share, for the first quarter of 2015. The 2015 first quarter income was positively impacted by a one-time $.283 million credit mark accretion under GAAP from the acquired loan portfolio from Peninsula Bank (Pen). 2015 income adjusted for this item was $1.088 million, or $.17 per share. Total assets of the Corporation at March 31, 2016 totaled $732.932 million compared to $728.844 million at March 31, 2015. MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Completes the Acquisition of First National Bank of Eagle River
Marketwired - Fri Apr 29, 1:49PM CDT
The Directors of Mackinac Financial Corporation (NASDAQ: MFNC) (Mackinac), the holding company for mBank, today announced the consummation of the acquisition of The First National Bank of Eagle River (FNBER), Eagle River, Wisconsin, from its holding company Ellis Bankshares, Inc. (Ellis). FNBER was immediately consolidated into mBank and all branches will open as mBank locations on Monday, May 2, 2016.
MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Reports Strong Earnings Growth for 2015
Marketwired - Wed Feb 03, 2:13PM CST
Mackinac Financial Corporation (NASDAQ: MFNC) (the "Corporation"
, the bank holding company for mBank, today announced 2015 net income of $5.596 million, or $.90 per share, compared to net income $1.700 million, or $.30 per share in 2014. The 2015 results include one-time charges related to (i) the transfer of our asset based lending subsidiary assets to mBank, which charges included unamortized debt issue and dissolution costs of the subsidiary, and (ii) regulatory audit costs incurred in connection with our approval as an SBA preferred lender, along with a deferred tax valuation adjustment of $.322 million. The net positive impact of these items was approximately $.02 per share. MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Reports Nine Month and Third Quarter 2015 Results
Marketwired - Fri Oct 30, 12:39PM CDT
Mackinac Financial Corporation (NASDAQ: MFNC) (the "Corporation"
, the bank holding company for mBank, today announced third quarter 2015 net income of $1.018 million or $.16 per share compared to net income available to common shareholders of $.886 million, or $.16 per share for the third quarter of 2014. The 2015 third quarter results include one-time charges related to (i) the transfer of our asset based lending subsidiary assets to mBank, which charges included unamortized debt issue costs and a prepayment penalty, and (ii) regulatory audit costs incurred in connection with our approval as an SBA preferred lender. Operating results for the first nine months of 2015 totaled $4.003 million or $.64 per share compared to $2.352 million or $.43 per share for the same period in 2014. Total assets of the Corporation at September 30, 2015 totaled $754.972 million, compared to $613.943 million at September 30, 2014. MFNC: 11.55 (+0.01)
Mackinac Financial Corporation Declares 33% Increase in Cash Dividend on Common Stock
Marketwired - Tue Aug 25, 12:20PM CDT
Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"
, announced the approval of a cash dividend by its Board of Directors on August 25, 2015. The Board of Directors declared an increased cash dividend of $.10 per common share, payable October 5, 2015 to shareholders of record at September 23, 2015. The dividend is a 33% increase from the prior quarter's dividend. MFNC: 11.55 (+0.01)
