Mackinac Financial

Headquartered in Manistique, Michigan, mBank is the principal subsidiary of Mackinac Financial Corporation whose common stock is traded on the NASDAQ stock market as “MFNC.” With assets in excess of $870 million, the community bank empowers individuals and small- to medium-sized businesses with smart financing and depository solutions for peace of mind.

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MANISTIQUE, Mich., July 22, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (“we”, or the “Corporation”) the bank holding company for mBank (“the Bank”) today announced 2021 second quarter net income of $2.94 million, or $.28 per share, compared to 2020 second quarter net income of $3.45 million, or $.33 per share. The 2021 second quarter results included expenses related to the pending merger with Nicolet Bankshares, Inc. (Green Bay, WI) (“Nicolet”), which had an estimated after-tax impact of $391 thousand on earnings. Adjusted net income (net of transaction related expenses) for the second quarter of 2021 was $3.34 million, or $.32 per share. Weighted average shares outstanding for the second quarter of 2021 were 10,550,393 compared to 10,533,589 for the same period of 2020.

Mackinac Financial Corporation Reports 2021 Second Quarter Financial Results

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GREEN BAY, Wis., July 20, 2021 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet") announced second quarter 2021 net income of $18.3 million and earnings per diluted common share of $1.77, compared to $18.2 million and $1.75 for first quarter 2021, and $13.5 million and $1.28 for second quarter 2020, respectively.

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MANISTIQUE, Mich., June 18, 2021 (GLOBE NEWSWIRE) -- 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 June 18, 2021. The Board of Directors declared a cash dividend of $.14 per common share for the second quarter of 2021, payable July 16, 2021 to shareholders of record at July 2, 2021. The dividend is unchanged from the prior quarter's dividend.

Mackinac Financial Corporation Declares Cash Dividend On Common Stock

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NEW YORK, May 25, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Net Element, Inc. (NASDAQ: NETE) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with privately-held electric vehicle company Mullen Technologies, Inc. If you are a Net Element shareholder, click here to learn more about your rights and options.   Cadence Bancorporation (NYSE: CADE) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale BancorpSouth Bank.

SHAREHOLDER ALERT: Halper Sadeh LLP Investigates NETE, CADE, EFSC, MFNC, STL, AMRB; Shareholders are Encouraged to Contact the Firm

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Mackinac Financial Corporation (NasdaqGS: MFNC) to Nicolet Bankshares, Inc. (NasdaqGS: NCBS). Under the terms of the proposed transaction, shareholders of Mackinac will receive only 4.64 in cash and 0.22 shares of Nicolet for each share of Mackinac that they own. KSF is seeking to determine whether this consid

MACKINAC INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Mackinac Financial Corporation - MFNC

MANISTIQUE, Mich., April 29, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (“we”, or the “Corporation”) the bank holding company for mBank (“the Bank”) today announced 2021 first quarter net income of $3.88 million, or $.37 per share, compared to 2020 first quarter net income of $3.05 million, or $.28 per share. Weighted average shares outstanding for the first quarter of 2021 were 10,522,899 compared to 10,717,967 for the same period of 2020.

Mackinac Financial Corporation Reports 2021 First Quarter Financial Results

NEW YORK, April 16, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Mackinac Financial Corp. ("MFNC" or the "Company") ( MFNC ) relating to its proposed merger with Nicolet Bankshares, Inc. Under the terms of the agreement, MFNC shareholders will receive 0.22 shares of Nicolet and $4.64 per share they own. The investigation focuses on whether Mackinac Financial Corp. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Mackinac Financial Corp. - MFNC

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Mackinac Financial Corporation (NASDAQ: MFNC) to Nicolet Bankshares, Inc. is fair to Mackinac shareholders. Under the terms of the merger agreement, Mackinac shareholders will receive 0.22 shares of Nicolet's common stock and $4.64 for each share of Mackinac they own. Halper Sadeh encourages Mackinac shareholders to click here to learn more about their legal rights and options or

Mackinac Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Mackinac Financial Corporation Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – MFNC

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The stock price of Mackinac Financial Corporation (NASDAQ: MFNC) increased by over 35% pre-market. This is why it happened.

MFNC Stock: Over 35% Pre-Market Explanation

NEW YORK, April 12, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Mackinac Financial Corporation ("Mackinac" or the "Company") (NASDAQ: MFNC) in connection with the proposed acquisition of the Company by Nicolet Bankshares, Inc. ("Nicolet") (NASDAQ: NCBS). Under the terms of the merger agreement, Mackinac shareholders will receive $4.64 in cash and 0.22 shares of Nicolet common stock for each Mackinac share that they own, representing implied consideration of $23.25 based upon Nicolet's April 12, 2021 closing price of $84.60.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Mackinac Financial Corporation

MILWAUKEE, April 12, 2021 /PRNewswire/ -- Ademi LLP is investigating Mackinac (Nasdaq: MFNC) for possible breaches of fiduciary duty and other violations of law in its transaction with Nicolet. Click here to learn how to join the action: https://www.ademilaw.com/case/mackinac-financial-corporation or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Mackinac Financial Corporation has obtained a Fair Price in its transaction with Nicolet Bankshares

Nicolet Bankshares, Inc. To Acquire Mackinac Financial Corporation

Mackinac Financial Corporation (MFNC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Mackinac Financial Corporation (MFNC) Moves 8.1% Higher: Will This Strength Last?

Mackinac Financial Corporation (MFNC) delivered earnings and revenue surprises of 12.90% and 3.58%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Mackinac Financial Corporation (MFNC) Beats Q4 Earnings and Revenue Estimates

MANISTIQUE, Mich., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (the “Corporation”), the bank holding company for mBank, today announced 2020 net income of $13.47 million, or $1.27 per share, compared to 2019 net income of $13.85 million, or $1.29 per share. The Corporation had fourth quarter 2020 net income of $3.64 million, or $.35 per share, compared to 2019 fourth quarter net income of $3.30 million, or $.31 per share.

Mackinac Financial Corporation Reports 2020 Fourth Quarter and Annual Results

MANISTIQUE, Mich., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (“we”, or the “Corporation”) the bank holding company for mBank (“the Bank”) today announced 2020 third quarter net income of $3.32 million, or $.32 per share, compared to 2019 third quarter net income of $3.72 million, or $.35 per share. Net income for the first three quarters of 2020 was $9.83 million, or $.93 per share, compared to $10.56 million, or $.98 per share for the same period of 2019.

Mackinac Financial Corporation Reports 2020 Third Quarter Results and COVID-19 Operating Update

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MANISTIQUE, Mich., July  30, 2020  (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (“we”, or the “Corporation”) the bank holding company for mBank (“the Bank”) today announced 2020 second quarter net income of $3.45 million, or $.33 per share, compared to 2019 second quarter net income of $3.67 million, or $.34 per share.  Net income for the first two quarters of 2020 was $6.50 million, or $.61 per share, compared to $6.84 million, or $.64 per share for the same period of 2019.

Mackinac Financial Corporation Reports 2020 Second Quarter Results and COVID-19 Progress

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Let's see if Mackinac Financial (MFNC) stock is a good choice for value-oriented investors right now from multiple angles.

Is Mackinac Financial (MFNC) a Good Value Investor Choice?

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MANISTIQUE, Mich., March  31, 2020  (GLOBE NEWSWIRE) -- 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 March 31, 2020.  The Board of Directors declared a cash dividend of $.14 per common share for the first quarter of 2020, payable April 24, 2020 to shareholders of record at April 15, 2020. The dividend is unchanged from the prior quarter’s dividend.

MACKINAC FINANCIAL CORPORATION - DECLARES CASH DIVIDEND ON COMMON STOCK

MANISTIQUE, Mich., Dec.  17, 2019  (GLOBE NEWSWIRE) -- 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 December 17, 2019. The Board of Directors declared a cash dividend of $.14 per common share for the fourth quarter of 2019, payable January 10, 2020 to shareholders of record at December 27, 2019. The dividend is unchanged from the prior quarter’s dividend.

News for Mackinac Financial Stock (MFNC)