Mackinac Financial - M&A Summary, Ownership, and Business Overview

Financial ServicesCompany

Mackinac Financial M&A Summary

Mackinac Financial has acquired 4 companies of its own.

Mackinac Financial’s largest acquisition to date was in 2014, when it acquired Peninsula Financial for $13M. Mackinac Financial has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

Mackinac Financial Ownership

Who owns Mackinac Financial?

Mackinac Financial is owned by Nicolet Bankshares. It was acquired on April 12, 2021.

Mackinac Financial Business Overview

Where is Mackinac Financial headquartered?

Mackinac Financial is headquartered in Manistique, Michigan.

What is Mackinac Financial’s revenue?

Mackinac Financial disclosed revenue of 63M USD for 2020 and 58M USD for 2019.

What sector is Mackinac Financial in?

Mackinac Financial is a financial services company.

When was Mackinac Financial founded?

Mackinac Financial was founded in 1974.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 3

Mackinac Financial Corp.

130 South Cedar Street,
Manistique, Michigan 49854
United States,
(888) 343-8147
www.bankmbank.com

Formed in 1974, Mackinac Financial Corp. is headquartered in Manistique, Michigan, and has 28 branch locations; ten in the Upper Peninsula, ten 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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $42M $42M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Lincoln Community Bank 2018-06-07 9M USD Add-on Acquisition
Merrill, Wisconsin · www.lcbwi.com
Niagara Bancorporation, Inc. 2016-05-24 7M USD Add-on Acquisition
Niagara, Wisconsin · www.niagarabank.com
First National Bank of Eagle River 2016-01-19 13M USD Add-on Acquisition
Eagle River, Wisconsin · www.fnb-eagleriver.com
Peninsula Financial Corp. 2014-07-18 13M USD Add-on Acquisition
Ishpeming, Michigan
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 4 (100%) 42M (100%) - -
Total 4 $42M - -

By Geo

State/Country Buy Value Sell Value
United States 4 42M - -
  Wisconsin 3 28M - -
  Michigan 1 13M - -
Total 4 $42M - -

Top M&A Advisors

Financial Deals
Piper Sandler & Co.
 3
River Branch Capital LLC
 1
Legal Deals
Honigman
 4

Deal Values

buy # Total
< $100M 4 $42M
TOTAL $42M
Largest Peninsula Financial Corp.
$13M (2014-07-18)

Company Summary

SECTOR

Financial Services

Revenue

63   9% 2020
58   16% 2019
50   22% 2018
41   14% 2017
36   2016
(millions of USD) Show More Show Less

Established

1974

Former Name

North Country Financial Corp.

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