mBank

Michigan – Schoolcraft – Manistique

(NM) Commercial bank, state charter and Fed nonmember

active

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Details

(NM) Commercial bank, state charter and Fed nonmember

active

14816

1934

FDIC Certificate Number: 14816
FDIC's unique number: 9272
The FDIC Field Office where an institution is physically located: Grand Rapids

Federal Reserve ID Number: 132554
Report Date: 2011-06-30

Bank Charter Class: NM

Number of Domestic Offices: 12
Number of Foreign Offices: 0
The date of the last data update: 2006-11-03

1934-10-13 Institution established. Original name: The First National Bank At Manistique.
1986-05-01 Acquired Manistique Lakes Bank in Curtis, Michigan.
1990-10-01 Changed name to First Northern National Bank .
1993-06-28 Changed name to First Northern Bank & Trust .
1993-06-28 Changed primary regulatory agency from Comptroller Of The Currency to Federal Deposit Insurance Corporation.
1993-09-30 Changed trust powers from Trust Powers Not Granted to Limited Trust Powers Granted.
1995-10-02 Acquired Bank Of Stephenson in Stephenson, Michigan.
1996-08-12 Changed name to North Country Bank And Trust .
1998-03-07 Acquired North Country Bank in South Range, Michigan.
1999-07-30 Changed trust powers from Limited Trust Powers Granted to Trust Powers Terminated.
2000-10-02 Moved bank headquarters from Manistique, Michigan to Traverse City, Michigan.
2003-02-25 Moved bank headquarters from Traverse City, Michigan to Manistique, Michigan.
2005-05-16 Changed name to Mbank .

Total assets: $492,579,000
Total deposits: $405,410,000
Deposits held in domestic offices: $405,410,000
Equity capital: $50,318,000

Net income: $1,439,000

Return on Assets: 0.59
Return on Equity: 5.81
Last updated on: 2011-10-20

Bank Holding Company: Mackinac Financial Corporation

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Profile ID: LFUS-BAB-P-12441

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