Mackinac Financial Corporation Announces That It Will Exit TARP Program After a Successful Auction by the United States Treasury

Mackinac Financial Corporation

announced today that the United States Treasury has successfully auctioned its $11.0 million TARP preferred stock that MFNC issued to the U.S. Treasury in April 2009. MFNC was notified that the sale was successfully bid at $958.09 per share and sold to seven different investors. The sale will be consummated on August 29, 2012.