mBank wins community lender award from SBA
MANISTIQUE – mBank, the principal subsidiary of Mackinac Financial Corporation, has been named the 2012 Community Lender of the Year by the U.S. Small Business Administration’s Michigan District Office.
“As a community bank operating in many different markets within the state, we understand that these types of loans allow small companies to compete and procure the capital needed to expand, leading to increased opportunities for new jobs,” said Kelly George, president and chief executive officer of mBank. “Our company believes strongly in reinvesting in the communities that we live and work in and we are honored to be recognized for our commitment.”
The award, which mBank also received in 2010, is presented to a lender that has displayed an ongoing commitment to supporting the growth and expansion of small businesses in the community. Criteria includes, total volume, new market activity, and comparison with historical performance. The Small Business Administration also places emphasis on selecting a lender who has made an impact in its communities through the use of SBA loan programs.
“SBA’s Community Lender of the Year Award recognizes the most outstanding community lender that supports their local small businesses using SBA loans,” said SBA Michigan District
Director Gerald Moore. “Choosing the winner of this award is always very difficult because Michigan’s community lenders are leaders in supporting their small business customers. As the leading SBA lender in Michigan’s Upper Peninsula, mBank was chosen because of its commitment and creativity in supporting small businesses in its community. mBank exemplifies what a community bank should be.”
Headquartered in Manistique, Michigan, mBank is the principal subsidiary of Mackinac Financial Corporation whose common stock is traded on the NASDAQ stock market as “MFNC.” With assets in excess of $540 million, the community bank empowers individuals and small- to medium-sized businesses with smart financing and depository solutions for peace of mind.