Mackinac Financial CORP: insider trades · United States · SEC (Form 4)

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)) 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))