Mackinac Financial Corporation Buyback
OLI recorded this information on 8/28/2019
Mackinac Financial Corporation
Share Amount Authorized:
5% of outstanding common stock
Mackinac Financial Corporation (Nasdaq: MFNC) (the "Corporation"), the bank holding company for mBank, announced today that its Board of Directors has authorized a common stock repurchase program. The new program authorizes the repurchase of 5% of the Company's outstanding common stock.
Mackinac Financial is a bank holding company. Through its banking subsidiary, mBank (the Bank), Co. is engaged in the commercial banking business, providing a range of loan and deposit products. These banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, safe deposit facilities, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing. The Bank also provides various consumers loan products including installment, mortgages and home equity loans.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 88% of all stocks covered)
Based on Zacks ABR data;
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