Mackinac Financial Corp Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest, by THOMSON MARTIN A, was filed 17 Nov 2020.
Mackinac Financial Corp: what insiders have been doing
This page follows insider dealings at Mackinac Financial Corp as filed with SEC (Form 4), a company from the Finance & Banking sector based in Manistique, United States. The group dates from 1974. The past year has been quiet: not a single insider filing for Mackinac Financial Corp. The previous disclosure was published on 8 September 2021.
Over the whole record (from 2007), the tally stands at 103 purchases and 20 sales.
Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2020FY ended December 2020 · cache
- 1,044,557 sharesCommon StockSEC:0001596771-21-000058:1
- 30,149 sharesCommon StockSEC:0001596771-21-000059:1
- 2,725 sharesCommon StockSEC:0001596771-21-000059:2
- 78,315 sharesCommon StockSEC:0001596771-21-000055:1
- 54,194 sharesCommon StockSEC:0001596771-21-000051:1
- 72,970 sharesCommon StockSEC:0001596771-21-000051:2
- 107,867 sharesCommon StockSEC:0001596771-21-000051:0
- 16,994 sharesCommon StockSEC:0001596771-21-000058:0
- 30,288 sharesCommon StockSEC:0001596771-21-000050:0
- 15,917 sharesCommon StockSEC:0001596771-21-000059:0
- 13,000 sharesCommon StockSEC:0001596771-21-000055:0
- 5,102 sharesCommon StockSEC:0001596771-21-000054:0
- 38,641 sharesCommon StockSEC:0001596771-21-000056:0
- 101,000 sharesCommon StockSEC:0001596771-21-000052:0
- 34,120 sharesCommon StockSEC:0001596771-21-000053:0
- 35,317 sharesCommon StockSEC:0001596771-21-000057:0
- 4,394 shares@ US$20.8163100.0% of flowCommon StockSEC:0001596771-21-000047:0
- 136 shares@ US$20.523.2% of flowCommon StockSEC:0001596771-21-000045:1
- 634 shares@ US$20.5014.8% of flowCommon StockSEC:0001596771-21-000045:2
- 296 shares@ US$20.5275100.0% of flowCommon StockSEC:0001596771-21-000045:0
- 6,610 shares@ US$20.3249100.0% of flowCommon StockSEC:0001596771-21-000046:0
- 4,500 shares0Common StockSEC:0001596771-21-000003:0
- 8,500 shares0Common StockSEC:0001596771-21-000001:0
- 8,500 shares0Common StockSEC:0001596771-21-000002:0
- 2,400 shares@ US$12.50100.0% of flowCommon StockSEC:0001596771-20-000120:0Canonical exit: 15 Feb 2021 (T+90)
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About Mackinac Financial Corp
Mackinac Financial Corp /MI/ (ticker MFNC) was a U.S.-listed regional banking holding company that traded on the NASDAQ market in the United States. The company was organized under the Bank Holding Company Act of 1956 and operated primarily through its main subsidiary, mBank. Its historical operating footprint was centered in Manistique, Michigan, with branches concentrated in Michigan’s Upper Peninsula, the Northern Lower Peninsula, one location in Oakland County, and additional branches in Northern Wisconsin. Mackinac Financial was later acquired by Nicolet Bankshares, and the merger closed on September 3, 2021, so MFNC is no longer an active listed equity today; references to it now mainly appear in historical filings, archived reports, and insider-transaction datasets. ([bankmbank.q4ir.com](https://bankmbank.q4ir.com/corporate-overview/file.aspx?fid=1001193647&iid=1019295))
In business terms, Mackinac Financial was a community-oriented commercial bank holding company focused on serving small and mid-sized businesses, professionals, and retail customers in its regional markets. Its core offering included commercial lending, treasury management services, and a full suite of deposit products such as commercial and retail checking accounts, money market accounts, savings accounts, certificates of deposit, IRA products, and consumer loans. That mix placed the company squarely in the regional/community banking segment, where performance is typically driven by deposit gathering, loan growth, net interest margin, credit quality, and operating efficiency. ([bankmbank.q4ir.com](https://bankmbank.q4ir.com/corporate-overview/file.aspx?fid=1001193647&iid=1019295))
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From a competitive standpoint, MFNC competed in a fragmented local banking landscape against other community banks as well as larger regional institutions with greater scale and broader funding access. Its historical strengths were relationship banking, local market knowledge, and a deposit franchise anchored in less densely served geographies. Its limitations were equally typical of smaller banks: concentrated geography, limited diversification, and less ability to absorb shocks or invest heavily in technology and product expansion compared with larger peers. Historical company materials emphasize a strategy centered on core deposit growth, commercial lending, and improving profitability through better pricing and efficiency. ([annualreports.com](https://www.annualreports.com/HostedData/AnnualReportArchive/m/NASDAQ_MFNC_2007.pdf))
The most important recent corporate event was the announced acquisition by Nicolet Bankshares in April 2021 and the completed merger in September 2021, when Mackinac merged into Nicolet and mBank was folded into Nicolet National Bank. That transaction ended MFNC’s public-market life on NASDAQ and explains why current references to the company are usually tied to legacy SEC records, archived annual reports, or SEC Form 4 insider-transaction screens rather than ongoing listed-company news. ([investors.nicoletbank.com](https://investors.nicoletbank.com/news-market-information/press-releases/news-details/2021/Nicolet-Bankshares-Inc.-To-Acquire-Mackinac-Financial-Corporation/default.aspx?utm_source=openai))
