🏦 Where's My Bank

Mbank

FDIC #14816 📍 Manistique, Michigan

Mbank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 10/13/1934. With assets of $1.52 Billion, it operates 0 domestic branches.

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Community Reinvestment Act (CRA) Rating
Latest Exam: April 1, 2019
Satisfactory
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

Rating History

April 1, 2019
Satisfactory
March 1, 2016
Satisfactory
April 1, 2013
Satisfactory
October 1, 2009
Satisfactory
March 1, 2007
Satisfactory
April 1, 2005
Satisfactory
April 1, 2001
Satisfactory
December 1, 1998
Satisfactory
December 1, 1994
Outstanding
💰 Financial Strength
Total Assets$1.52 Billion
Total Deposits$1.31 Billion
Equity Capital$165.71 Million
Net Income$8.08 Million
📈 Performance
ROA1.07%
ROE9.92%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📞 Contact & Location
Address130 S Cedar St
Manistique, Michigan 49854
📋 Corporate Structure
Established10/13/1934
FDIC Cert14816
Holding CoMackinac Financial Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeOctober 5, 2021
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM
Saturday9:00 PM - 12:00 AM
Sunday12:00 AM - 12:00 PM

📜 Institutional History

2018
Merger / Acquisition
Acquired: Lincoln Community Bank
2018
Merger / Acquisition
Acquired: First Federal Of Northern Michigan
2016
Merger / Acquisition
Acquired: The First National Bank Of Niagara
2016
Merger / Acquisition
Acquired: The First National Bank Of Eagle River
2014
Merger / Acquisition
Acquired: The Peninsula Bank Of Ishpeming
2006
Name Change
Name became: Changed Institution Name To Mbank.
2005
Relocation
Moved HQ to: 130 South Cedar Street, Manistique, MI 49854.
2003
Relocation
Moved HQ to: 1011 Noteware Drive, Traverse City, MI 49686.
2001
Relocation
Moved HQ to: 3530 North Country Drive, Traverse City, MI 49684.
1998
Merger / Acquisition
Acquired: North Country Bank
1998
Name Change
Name became: Changed Institution Name To North Country Bank And Trust.
1995
Merger / Acquisition
Acquired: Bank Of Stephenson
1993
Name Change
Name became: Changed Institution Name To First Northern Bank & Trust.
1990
Name Change
Name became: Changed Institution Name To First Northern National Bank.
1986
Merger / Acquisition
Acquired: Manistique Lakes Bank