trending Market Intelligence /marketintelligence/en/news-insights/trending/6oxdihcuucph3p_4mlgxxa2 content esgSubNav
In This List

First Federal of Northern Michigan shareholders OK deal with Mackinac Financial

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Commercial Banking Newsletter June Edition - 2022


First Federal of Northern Michigan shareholders OK deal with Mackinac Financial

Shareholders of Alpena, Mich.-based First Federal of Northern Michigan Bancorp Inc. on May 10 approved the company's acquisition by Manistique, Mich.-based Mackinac Financial Corp.

In connection with the deal, Mackinac Financial's shareholders, in a special meeting held May 10, approved the issuance of shares of Mackinac Financial's common stock to shareholders of First Federal of Northern Michigan Bancorp.

The deal has already received approval from the Federal Reserve Bank of Minneapolis.