Mackinac Financial Corporation (MFNC)

MANISTIQUE, Mich., July 22, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (“we”, or the “Corporation”) the bank holding company for mBank (“the Bank”) today announced 2021 second quarter net income of $2.94 million, or $.28 per share, compared to 2020 second quarter net income of $3.45 million, or $.33 per share. The 2021 second quarter results included expenses related to the pending merger with Nicolet Bankshares, Inc. (Green Bay, WI) (“Nicolet”), which had an estimated after-tax impact of $391 thousand on earnings. Adjusted net income (net of transaction related expenses) for the second quarter of 2021 was $3.34 million, or $.32 per share. Weighted average shares outstanding for the second quarter of 2021 were 10,550,393 compared to 10,533,589 for the same period of 2020.

MANISTIQUE, Mich., June 18, 2021 (GLOBE NEWSWIRE) -- 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 18, 2021. The Board of Directors declared a cash dividend of $.14 per common share for the second quarter of 2021, payable July 16, 2021 to shareholders of record at July 2, 2021. The dividend is unchanged from the prior quarter's dividend.

NEW YORK, May 25, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Net Element, Inc. (NASDAQ: NETE) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with privately-held electric vehicle company Mullen Technologies, Inc. If you are a Net Element shareholder, click here to learn more about your rights and options.   Cadence Bancorporation (NYSE: CADE) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale BancorpSouth Bank.

NEW YORK, April 16, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Mackinac Financial Corp. ("MFNC" or the "Company") ( MFNC ) relating to its proposed merger with Nicolet Bankshares, Inc. Under the terms of the agreement, MFNC shareholders will receive 0.22 shares of Nicolet and $4.64 per share they own. The investigation focuses on whether Mackinac Financial Corp. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Mackinac Financial Corporation (NASDAQ: MFNC) to Nicolet Bankshares, Inc. is fair to Mackinac shareholders. Under the terms of the merger agreement, Mackinac shareholders will receive 0.22 shares of Nicolet's common stock and $4.64 for each share of Mackinac they own. Halper Sadeh encourages Mackinac shareholders to click here to learn more about their legal rights and options or

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The stock price of Mackinac Financial Corporation (NASDAQ: MFNC) increased by over 35% pre-market. This is why it happened.

MILWAUKEE, April 12, 2021 /PRNewswire/ -- Ademi LLP is investigating Mackinac (Nasdaq: MFNC) for possible breaches of fiduciary duty and other violations of law in its transaction with Nicolet. Click here to learn how to join the action: https://www.ademilaw.com/case/mackinac-financial-corporation or call Guri Ademi toll-free at 866-264-3995.

MANISTIQUE, Mich., March 30, 2021 (GLOBE NEWSWIRE) -- 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 March 30, 2021. The Board of Directors declared a cash dividend of $.14 per common share for the first quarter of 2021, payable April 23, 2021 to shareholders of record at April 13, 2021. The dividend is unchanged from the prior quarter's dividend.

Mackinac Financial Corporation (MFNC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Mackinac Financial Corporation (MFNC) delivered earnings and revenue surprises of 12.90% and 3.58%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

MANISTIQUE, Mich., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (the “Corporation”), the bank holding company for mBank, today announced 2020 net income of $13.47 million, or $1.27 per share, compared to 2019 net income of $13.85 million, or $1.29 per share. The Corporation had fourth quarter 2020 net income of $3.64 million, or $.35 per share, compared to 2019 fourth quarter net income of $3.30 million, or $.31 per share.

MANISTIQUE, Mich., Dec. 15, 2020 (GLOBE NEWSWIRE) -- 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 December 15, 2020. The Board of Directors declared a cash dividend of $.14 per common share for the fourth quarter of 2020, payable January 11, 2021 to shareholders of record at December 28, 2020. The dividend is unchanged from the prior quarter's dividend.

MANISTIQUE, Mich., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (“we”, or the “Corporation”) the bank holding company for mBank (“the Bank”) today announced 2020 third quarter net income of $3.32 million, or $.32 per share, compared to 2019 third quarter net income of $3.72 million, or $.35 per share. Net income for the first three quarters of 2020 was $9.83 million, or $.93 per share, compared to $10.56 million, or $.98 per share for the same period of 2019.

Beese Fulmer Investment Management Inc. purchased a new position in Mackinac Financial Co. (NASDAQ:MFNC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,400 shares of the financial services provider’s stock, valued at approximately $66,000. Beese Fulmer Investment Management […]

Deutsche Bank AG reduced its stake in shares of Mackinac Financial Co. (NASDAQ:MFNC) by 69.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,880 shares of the financial services provider’s stock after selling 6,437 shares during the quarter. Deutsche Bank […]