mBank

mBank, originally established as The First National Bank at Manistique on October 13, 1934, has undergone several name changes and acquisitions throughout its history. In 1990, it became First Northern National Bank, followed by a rebranding to First Northern Bank & Trust in 1993. Later that year, the institution adjusted its regulatory structure and ultimately transitioned to North Country Bank and Trust in 1996. In 1998, mBank acquired North Country Bank in South Range, Michigan. On May 16, 2005, the bank adopted its current name, mBank. Over the years, mBank expanded through various acquisitions, including the Bank of Stephenson in 1995, the Peninsula Bank of Ishpeming in December 2014, and several banks in the following years. Notable acquisitions included The First National Bank of Eagle River in April 2016, The First National Bank of Niagara in August 2016, First Federal of Northern Michigan in May 2018, and Lincoln Community Bank in October 2018. The main office has relocated multiple times, with the latest move occurring in February 2003 to its current location at 130 South Cedar Street, Manistique, Michigan.

Below is a list of some important events in banks history, including mergers and acquisitions.

1934-10-13Institution established. Original name: The First National Bank at Manistique.

1986-05-01Acquired Manistique Lakes Bank in Curtis, MI.

1990-10-01Changed Institution Name to First Northern National Bank.

1993-06-28Institution withdraws from membership in the Federal Reserve System.

1993-06-28Changed Chartering Agency to State.

1993-06-28Changed Primary Federal Regulatory Agency to FDIC.

1993-06-28Changed Institution Name to First Northern Bank & Trust.

1993-09-30Changed Trust Powers to Limited.

1995-10-02Acquired Bank of Stephenson in Stephenson, MI.

1996-08-12Changed Institution Name to North Country Bank and Trust.

1998-03-07Acquired North Country Bank in South Range, MI.

1999-07-30Changed Trust Powers to None.

2000-10-02Main Office moved to 3530 North Country Drive, Traverse City, MI 49684.

2001-11-30Main Office moved to 1011 Noteware Drive, Traverse City, MI 49686.

2003-02-25Main Office moved to 130 South Cedar Street, Manistique, MI 49854.

2005-05-16Changed Institution Name to mBank.

2014-12-05Acquired The Peninsula Bank of Ishpeming in Ishpeming, MI.

2016-04-29Acquired The First National Bank of Eagle River in Eagle River, WI.

2016-08-31Acquired The First National Bank of Niagara in Niagara, WI.

2018-05-18Acquired First Federal of Northern Michigan in Alpena, MI.

2018-10-01Acquired Lincoln Community Bank in Merrill, WI.