M&A Deal Summary

Mackinac Financial Acquires Peninsula Financial

On July 18, 2014, Mackinac Financial acquired financial services company Peninsula Financial for 13M USD

Acquisition Highlights
  • This is Mackinac Financial’s 1st transaction in the Financial Services sector.
  • This is Mackinac Financial’s largest (disclosed) transaction.
  • This is Mackinac Financial’s 1st transaction in the United States.
  • This is Mackinac Financial’s 1st transaction in Michigan.

M&A Deal Summary
Date 2014-07-18
Target Peninsula Financial
Sector Financial Services
Buyer(s) Mackinac Financial
Deal Type Add-on Acquisition
Deal Value 13M USD
Advisor(s) Godfrey & Kahn S.C. (Legal)

Target

Peninsula Financial

Ishpeming, Michigan, United States
Peninsula Financial Corp. is a community-based financial services company.

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Buyer(S) 1

Buyer

Mackinac Financial

Manistique, Michigan, United States

website

Category Company
Founded 1974
Sector Financial Services
Revenue 63M USD (2020)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (Michigan) 1 of 1
Country (United States) 1 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-19 First National Bank of Eagle River

Eagle River, Wisconsin, United States

First National Bank of Eagle River is a community-based financial services company.

Buy $13M
Mergr

Product

Company

Legal