The Creighton Building on the corner of South Cedar St. and Oak St. in Manistique will be purchased by mBank and donated to Lake Effect Arts to create a new community arts and cultural center.
MANISTIQUE, Mich., April 26, 2019 – mBank announced plans this week to partner with Lake Effect Community Arts to create a new cultural center in downtown Manistique. mBank is currently in the process of acquiring the Creighton building on the corner of South Cedar and Oak Streets subject to satisfactory completion of standard third-party diligence items. Upon closing, which should take place in the near term second quarter, the building will be donated to Lake Effect Community Arts at a date to be determined still. Lake Effect Arts will be occupying the building immediately post-closing prior to the donation, free of charge from mBank.
“We were so ecstatic when mBank decided to acquire the building and donate it to us,” explained Teresa Bratton, Lake Effect Arts President. “In light of this very generous donation, the building will be named the ‘mBank Community Arts & Cultural Center.’ This is our first concrete step in creating a new community gathering center for the arts and we will be providing further information to the community on our expansion plans in the weeks to come. We look forward to a great partnership with mBank for many years and thank them so much for believing in our group and its vision.”
“When approached by Lake Effect Community Arts about the Creighton building acquisition a while ago, we could not think of a better opportunity for mBank to give back to the community than by helping this organization and their many artists and volunteers find a new home they could call their own,” commented Kelly W. George, mBank President and CEO. “Their vision and passion for the arts in looking to rehabilitate this historic building for the betterment of all will be a major cultural and economic catalyst for the revitalization of our downtown and county in total. We look forward to working together with Lake Effect Arts ongoing and hope our commitment to this project provides an impetus for further fundraising activities they will be undertaking to make the new community cultural center the best it can, enriching the lives of many for generations to come.”
Additionally, Sherry Arnold, mBank’s Senior Vice President of Administration and Talent Director will be joining the Lake Effect Community Arts Board of Directors and Tammy McDowell, Executive Vice President Managing Director of Credit Administration and Operations will be joining the Building Committee for the center to provide additional financial guidance and professional resources to the Lake Effect Arts team through their expansion plans.
About Lake Effect Arts
Lake Effect Community Arts is a 501(c)(3) non-profit organization with a mission to enrich the cultural lives of the residents of and visitors to Schoolcraft County by nurturing and supporting excellence in the arts; promoting, presenting and encouraging artists and educational activities; and increasing the community’s awareness and appreciation for the arts. For more information or to make a donation, please visit www.lakeeffectarts.org.
Headquartered in Manistique, Michigan, mBank proudly serves Michigan and Northern Wisconsin with 29 branch locations. With assets in excess of $1.3 billion, 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: bankmbank.com. Member FDIC. Equal Housing Lender.