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The $552 million-asset company announced the formation of wholly-owned subsidiary Mackinac Commercial Credit in a press release Friday.
September 20 -
Mackinac Financial (MFNC) in Manistique, Mich., has received regulatory approval to buy back nearly two-thirds of the preferred stock it issued under the Troubled Asset Relief Program.
March 27 -
The Treasury Department recouped $62.4 million in its latest auction of the securities it owns from the Troubled Asset Relief Program, but it was unable to find a buyer for shares Guaranty Federal Bancshares in Springfield, Mo.
August 24 -
Mackinac Financial (MFNC) in Manistique, Mich., has raised roughly $11.6 million through a rights offering and the sale of common stock to an investor.
August 14 -
Mackinac Financial (MFNC) in Manistique, Mich., will raise up to $18 million through a common stock rights offering and a securities purchase agreement with an investor.
March 28
Mackinac Financial (MFNC) in Manistique, Mich., has completed the redemption of stock originally issued to the Treasury Department under the Troubled Asset Relief Program.
The $564 million-asset company repurchased $4 million of preferred stock from private investors who obtained the shares in a
Mackinac
Mackinac has 11 branches in Michigan.