Mackinac Financial Corporation Declares Cash Dividend on Common Stock
June 20 2017 - 01:16PM
Mackinac Financial Corporation (Nasdaq:MFNC), the bank holding
company for mBank (the “Bank”), announced the approval of a cash
dividend by its Board of Directors on June 20, 2017. The
Board of Directors declared a cash dividend of $.12 per common
share, payable July 11, 2017 to shareholders of record at June 30,
2017. The dividend is unchanged from the prior quarter’s dividend.
Mackinac Financial Corporation is a registered
bank holding company formed under the Bank Holding Company Act of
1956 with assets in excess of $980 million and whose common stock
is traded on the NASDAQ stock market as “MFNC.” The
principal subsidiary of the Corporation is mBank.
Headquartered in Manistique, Michigan, mBank has 24 branch
locations; 12 in the Upper Peninsula, four in the Northern Lower
Peninsula, one in Oakland County, Michigan and seven in northern
Wisconsin. The Corporation’s banking services include
commercial lending and treasury management products and services
geared toward small to mid-sized businesses, as well as a full
array of personal and business deposit products and consumer
loans.
Forward-Looking Statements
This release contains certain
forward-looking statements. Words such as “anticipates,”
“believes,” “estimates,” “expects,” “intends,” “should,” “will,”
and variations of such words and similar expressions are intended
to identify forward-looking statements: as defined by the Private
Securities Litigation Reform Act of 1995. These statements reflect
management's current beliefs as to expected outcomes of future
events and are not guarantees of future performance. These
statements involve certain risks, uncertainties and assumptions
that are difficult to predict with regard to timing, extent,
likelihood, and degree of occurrence. Therefore, actual results and
outcomes may materially differ from what may be expressed or
forecasted in such forward-looking statements. Factors that could
cause a difference include among others: changes in the national
and local economies or market conditions; changes in interest rates
and banking regulations; the impact of competition from traditional
or new sources; and the possibility that anticipated cost savings
and revenue enhancements from mergers and acquisitions, bank
consolidations, and other sources may not be fully realized at all
or within specified time frames as well as other risks and
uncertainties including but not limited to those detailed from time
to time in filings of the Company with the Securities and Exchange
Commission. These and other factors may cause decisions and actual
results to differ materially from current expectations. Mackinac
Financial Corporation undertakes no obligation to revise, update,
or clarify forward-looking statements to reflect events or
conditions after the date of this release.
Contact:
Paul D. Tobias, (248) 290-5901 / ptobias@bankmbank.com
Jesse A. Deering, (248) 290-5906 / jdeering@bankmbank.com
Website: www.bankmbank.com
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