M&A Deal Summary |
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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) |
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Category | Company |
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Founded | 1974 |
Sector | Financial Services |
Revenue | 63M USD (2020) |
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 |
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. First National Bank of Eagle River was formed in 1921 and is based in Eagle River, Wisconsin. |
Buy | $13M |