Mackinac Financial Corporation operates as a bank holding company, primarily delivering comprehensive commercial banking services via its subsidiary, mBank. Headquartered in Manistique, Michigan, the company employs 294 full-time staff members. Through mBank, the firm engages in general commercial banking, offering a diverse portfolio of loan and deposit solutions. These services encompass standard retail and business banking, including checking, savings, and interest-bearing transaction accounts, time deposits, and safe deposit facilities. Additionally, mBank provides real estate mortgage lending, commercial lending, lease financing for both commercial and governmental entities, and direct and indirect consumer financing. The bank's operations are funded through various sources such as brokered deposits, borrowings from the Federal Home Loan Bank (FHLB) system, proceeds from the sale of loans and mortgage-backed or other securities, repayment of outstanding loans, and earnings generated from its activities. mBank maintains a significant presence with over 13 branch locations in Michigan's Upper Peninsula and four additional branches in the Lower Peninsula.


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