MANISTIQUE - mBank, the principal subsidiary of Mackinac Financial Corporation, has received a 5-star rating from BauerFinancial Inc., an independent bank research firm, for the fifth consecutive quarter.
This rating indicates that BauerFinancial considers mBank to be a financially sound institution that is operating above regulatory capital requirements. It also earns mBank a place on BauerFinancial's Recommended Report. Of the 123 Michigan-based banks rated, 35 received a 5-star rating.
"mBank is proud to have, once again, earned and be recognized with a 5-star Superior rating," said Kelly W. George, mBank president and CEO.