MFNC Profile
Mackinac Financial Corporation (MFNC) is a bank holding company that operates mBank, a community bank headquartered in Manistique, Michigan, USA.
mBank provides a range of financial services to individuals and businesses, including checking and savings accounts, loans, mortgages, credit cards, and investment services. The bank has a strong market presence in the Upper Peninsula and Northern Lower Peninsula regions of Michigan and has a reputation for excellent customer service and community involvement.
MFNC also owns subsidiaries that provide various financial services, including trust and wealth management services, insurance services, and mortgage banking services.
Investing in bank holding companies like MFNC carries certain risks, including the potential for changes in interest rates, credit risks associated with lending activities, and regulatory risks. Additionally, the performance and returns of these companies can be influenced by various factors, including economic conditions, competition from other banks, and changes in government policies. Potential investors should carefully consider these risks before making any investment decisions.
As of February 2023, the current market capitalization of MFNC is approximately $107.3 million.
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