 Mackinac Financial Corporation MFNC, the bank holding company for mBank the Bank, announced the approval of a cash dividend by its Board of Directors on December 17, 2019. The Board of Directors declared a cash dividend of .14 per common share for the fourth quarter of 2019, payable January 10, 2020 to shareholders of record at December 27, 2019. Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of 1.3 billion and whose common stock is traded on the NASDAQ stock market as MFNC. The principal subsidiary of the Corporation is mBank. 