First takeover of the year. A 100% gainer to start us off right

Keep in mind we have to hold to get the special dividend so dont rush to sell FFNM. We also own MFNC and this looks to be a good deal for them so we may just take the offer.

  • The merger will include 7 full service banking locations of First Federal of Northern Michigan (following the previously announced sale of the Oscoda location to a third party), approximately $320 million in assets and $283 million in deposits, primarily all core deposits. Combined offices will equate to 30 banking centers.
  • The transaction is expected to close in the 2nd Quarter of 2018.
  • Anticipated results include earnings per share accretion of 8.0% in 2018 (exclusive of deal costs) and an expected tangible book value earn back period of 3 years or less.
  • The transaction is the 4th strategic expansion by Mackinac since late 2014.

MANISTIQUE, Mich. and ALPENA, Mich., Jan. 16, 2018 (GLOBE NEWSWIRE) -- The Directors of Mackinac Financial Corporation (MFNC) (Mackinac), the holding company for mBank, and the Directors of First Federal of Northern Michigan Bancorp, Inc. (FFNM) (FFNM), the holding company for First Federal of Northern Michigan today announced the execution of a definitive agreement for Mackinac to acquire FFNM through an all-stock merger of FFNM with and into a subsidiary of Mackinac. FFNM shareholders will receive .576 shares of Mackinac common stock for each share of FFNM common stock. The aggregate value of the stock consideration, based on an assumed price of Mackinac shares of $15.75, is $33.8 million. MFNC expects to issue approximately 2.15 million shares to FFNM shareholders in connection with the transaction. Under the terms of the agreement, shareholders of FFNM will also receive a special cash dividend immediately prior to close of $8.0 million subject to maintenance of a minimum ...

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Other Promise. I have delivered. 48 hours Left for Holiday bargain price

Go here

https://www.marketfy.com/item/banking-on-profit/

Use Coupon Code BOPFOR499 to get over 50% off Banking on Profits for 2018.

Members love BOP for one simple reason. I have helped them make money and learn more about this ...

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3 Days Left on my Special Offer for Banking on Profits in 2018

The Banking on Profits Main Portfolio has averaged 17% since inception while the market has returned right around 13% over the same time frame. We have NEVER had a losing trade in the portfolio. Not One.

Our Monthy Community Bank ...

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Granddaughters, High Returns and a Holiday Bargain

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Granddaughters, High Returns and a Holiday Bargain

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Another Takeover-85% gain this time

NEW YORK, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Amalgamated Bank (“Amalgamated”) and New Resource Bancorp, the parent company of New Resource Bank ((OTC:NRBC); together, “New Resource”) today announced the signing of a definitive merger agreement by which Amalgamated will acquire ...

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Our 14th takeover of the year- Bonus Bank yields 85% gain

NEW YORK, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Amalgamated Bank (“Amalgamated”) and New Resource Bancorp, the parent company of New Resource Bank ((OTC:NRBC); together, “New Resource”) today announced the signing of a definitive merger agreement by which Amalgamated will acquire ...

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Takeover #12 for 2017

average annual return on this one is 18.27%. Below our average but still 80% more than market averages!

No decison on hold or sell just yet.Need to read the docs

HATTIESBURG, Miss. & TALLAHASSEE, Fla.--()--The ...

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CFPB, The Stay Puft Marshmallow Man and 2018 Predictions

A look at markets, books and baseball

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CFPB, The Stay Puft Marshmallow Man and 2018 Predictions

A look at markets, books and baseball

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Favorite Holiday, Cheap Banks and Entertaining Predictions

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Favorite Holiday, Cheap Banks and Entertaining Predictions

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