Company Description
Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.3 billion and whose common stock is traded on the NASDAQ stock market as "MFNC." The principal subsidiary of the Corporation is mBank. Headquartered in Manistique, Michigan, mBank has 29 branch locations; 11 in the Upper Peninsula, 10 in the Northern Lower Peninsula, one in Oakland County, Michigan and seven in Northern Wisconsin. The Company's banking services include commercial lending and treasury management products and services geared toward small to mid-sized businesses, as well as a full array of personal and business deposit products and consumer loans.

Hovde Group - MFNC Analyst Coverage

Contact Information

Mackinac Financial Corporation
130 South Cedar Street
Manistique, MI 49854
(906) 341-8401

Investor Relations Contact
Mr. Jesse Deering
(248) 290-5906

Transfer Agent
PO Box 1342
Brentwood, NY 11717
Officers and Directors
Senior Management
Kelly W. George
Paul D. Tobias
Chairman & CEO
Jesse A. Deering
Executive VP & CFO
Board of Directors
Paul D. Tobias
Walter J. Aspatore
Lead Director
Dennis B. Bittner
Owner & President, Bittner Engineering, Inc.
Joseph D. Garea
Managing Partner, Hancock Securities
Kelly W. George
President, Mackinac Financial Corporation
President & Chief Executive Officer, mBank
Robert Edward Mahaney II
Founder, Veridea Group, LLC
Robert Harris Orley
Principal, Real Estate Investment Group, Inc.
Randolph C. Paschke
Director, External Relations and Community Engagement, Wayne State University
Lewis Brooks Patterson
County Executive, Oakland County, Michigan
David R. Steinhardt
Manager, Steinhardt Capital Investors
Martin A. Thomson
Market Data

Current QuoteData as of May 24, 2019 2:39 PM
Last Sale $ 15.47
Last Close $ 15.37
Today's High $ 15.47
Today's Low $ 14.58
Net Change $ .10  Up  .65%
Today's Volume18,925
Minimum 20 minute delay
Current Chart

Stock Price History
High ($)Low ($)
One Day16.17  15.31  
One Month16.34  15.10  
Three Months16.34  13.18  
Year-to-Date16.34  13.18  
One Year17.58  12.60  
Three Year17.58  10.43  
Three Year Date7/5/2018 6/6/2016 
Recent Documents
No data available.
No data available.
Peer Analysis
No data available.
Mergers and Acquisitions
Bank & Thrift Company Deals

State Industry
Status Deal Value
Target Total
Assets ($000)
Lincoln Community BankUnited BancorporationWIBank6/07/2018Completed on 10/1/20188.5065,119
First Federal of Northern Michigan Bancorp, Inc.MIThrift10/23/2017Completed on 5/18/201834.67336,288
Niagara Bancorporation, Inc.WIBank5/24/2016Completed on 8/31/20163.6368,440
First National Bank of Eagle RiverEllis Bankshares, Inc.WIBank1/19/2016Completed on 4/29/201612.50142,629
Peninsula Financial CorporationMIBank7/18/2014Completed on 12/5/201412.25124,336
UP Financial, Inc.MIBank7/15/1996Completed on 2/4/19974.3027,341
South Range State BankMIBank8/03/1995Completed on 2/12/19964.3035,135
Bank of StephensonMIBank5/26/1993Completed on 2/8/1994NA69,971
Bank & Thrift Branch Deals

Status Number of
Total Deposits
6 BranchesABN AMRO Holding NVBank8/03/2001Terminated6MI90,000
2 BranchesOld Kent Financial CorporationBank2/11/2000Completed on 6/16/20002MI15,149
3 BranchesNewberry Bancorp, IncBank5/09/1994Completed on 12/5/19943MI46,347
Sales and Divestitures
Bank & Thrift Branch Deals

Status Number of
Total Deposits
1 BranchMSB Bankshares, Inc.Bank5/19/2009Completed on 8/28/20091MI9,900
1 BranchMSB Bankshares, Inc.Bank5/19/2009Completed on 8/7/20091MI19,300
1 BranchMSB Bankshares, Inc.Bank7/27/2007Completed on 10/19/20071MI9,250
1 BranchPeoples State Bancorp, Inc.Bank5/10/2004Completed on 9/10/20041MI5,120
2 BranchesS.B.E. Corp.Bank4/21/2004Completed on 9/16/20042MI9,400
2 BranchesAlpena Bancshares, Inc. (MHC)Bank2/05/2004Completed on 5/21/20042MI12,100
2 BranchesSSB, Inc.Bank7/12/2001Completed on 11/9/20012MI16,294
2 BranchesCentral Bank CorporationBank5/21/2001Completed on 7/13/20012MI11,677
1 BranchFirst Bancshares CorporationBank11/11/1999Completed on 1/14/20001MI4,858
2 BranchesCentral Bank CorporationBank1/29/1999Completed on 7/23/19992MI11,000
Institutional Ownership
Ownership Information
Shares Outstanding10,740,712
Short Interest Shares31,054
Float (%)94.71
Institutional Ownership (%)56.73
Mutual Fund Ownership (%)12.19
Insider Ownership (%)5.29
Top 10 Instn Holders (%)43.25
Ownership Activity
Total Positions526,092,905
New Positions9209,036
Increased Positions18380,626
Decreased Positions9(140,444)
Soldout Positions6(473,631)
Net Change (24,413)
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Insider Ownership
Insider Transaction Activity (Last 6 Months)
Aggregates Shares Price ($) Value ($)
Open Market Buys0----
Open Market Sells (1,975) 14.56 (28,754)
Options Ex. & Sold0----
Net Shares8,68014.56 (28,754)

High Volume Traders (Last 6 Months)
Name # Buys # Sells # Options Ex. & Sold Total # Trans. Net Shares
Paul D. Tobias10014,194
Kelly W. George10014,137
Jesse A. Deering12031,449
Dennis B. Bittner0101 (1,100)
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Q: Where is Mackinac Financial Corporation's common stock listed?
A: Our common stock is listed on under the symbol MFNC.
For more detailed stock information, please visit our Stock Quote page.

Q: Does Mackinac Financial Corporationpay a Dividend?
A: To see a list of our historical dividends, please visit our Dividends page.

Q: How can I request additional information from Mackinac Financial Corporation?
A: You can contact us via our Information Request page.

Q: How can I receive Email alerts from Mackinac Financial Corporation?
A: To sign up for Email alerts on our Events, Documents, Press Releases and closing stock price information, please visit our Email Notification page.