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Clay Peterson Joins Mbank as Senior Vice President – Delta County Regional Executive

2015 Press Releases Expand

MANISTIQUE, Mich., January 26, 2015 – mBank is pleased to announce the recent hire of Clay Peterson as Senior Vice President – Delta County Regional Executive located in Escanaba.

Clay will play a key role for the bank, managing and growing the commercial loan portfolio in the south and west regions of the Upper Peninsula as well as becoming a member of the Senior Management Team of the company. He has spent the past 15 years as a business leader in Delta County with a strong commitment to the clients and communities he serves.

“Clay is a talented professional, experienced and highly skilled banker who fits the mBank culture extremely well. His business acumen and customer centric approach have allowed him to be successful throughout his career and we expect him to continue that success in our company” said mBank President and CEO, Kelly W. George. “We are very excited to have someone of his caliber join the mBank team in Delta County to help further promote and grow our business opportunities there as well as becoming a key member of our management team assisting in global oversight and governance throughout the various risk areas of the company.”

Clay began his career at the former North Country Bank & Trust (now mBank) as a Sales Associate / Business Lender in 1999-2001. He spent from 2002-2011 with Wells Fargo ascending to Vice President/ Senior Business Relationship Manager. For the past 3 years, Clay has been with another Upper Peninsula community bank where he was a Vice President and heavily involved in both commercial lending and loan administration.

“I am very excited about joining the professionals on the mBank team.” Commented Peterson, “I look forward to continuing in the mBank tradition of working with growing companies in providing capital to fund the growth of our vital UP businesses. I am also pleased that I will be able to continue to live and work in Delta County where my family and I have called home for nearly 40 years”.

Clay earned an Associate’s Degree from Bay College in Business Management and B.S. in Business Management from Northern Michigan University. He is also a graduate of the University of Wisconsin – Graduate School of Banking and has completed various other external banking seminars. He is also highly involved in numerous civic and charitable organizations Clay and his family reside in Gladstone, MI

Clay can be reached at the mBank Escanaba branch, located at 2224 N. Lincoln Rd., 906-233- 9443 or by email at cvpeterson@bankmbank.com.

About Mackinac Financial Corporation and mBank
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 $725 million, the community bank empowers individuals and small- to medium-sized businesses with smart financing and depository solutions for peace of mind. For more information visit: www.bankmbank.com.

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