Thomson nominated for board of directors
MANISTIQUE — The directors of Mackinac Financial Corporation, the holding company for mBank, announced Martin A. Thomson has been nominated for appointment to its board of directors, with such appointment subject to the closing of the merger agreement with First Federal of Northern Michigan Bancorp, Inc., the holding company for First Federal of Northern Michigan. As previously announced, the merger agreement provides for a current director of FFNM to be appointed to Mackinac’s Board promptly following the closing.
“Our bank is fortunate to have an outstanding Board of Directors. We are pleased to have Marty nominated to join our team,” commented Paul Tobias, Mackinac’s chairman of the board. “He has vast experience as both an executive and a board member in the financial industry. His remarkable achievements, as well as his insight into the local business landscape, will help him make many valuable contributions to our bank’s continued growth and success.”
Thomson has served as chairman of the Board of Directors of First Federal of Northern Michigan Bancorp, Inc. since May 2008. He was president and chief executive officer of the company and bank from May 2001, and previously held the position of president and chief executive officer of Presque Isle Electric and Gas Co-op., Onaway, Mich. Thomson has been a director of First Federal of Northern Michigan since 1986 and a director of its holding company First Federal of Northern Michigan Bancorp, Inc. since its formation in November 2000.
Additionally, Thomson has owned and operated several successful businesses, including Corner Depot, Inc. Thomson Company Inc., and Marty Thomson Builders, worked as a Vocational Building Trades Instructor for the Alpena Public Schools, and has volunteered his time and expertise on many community boards and committees such as, Mid-Michigan Health Regional Hospital Financial Oversight Committee, Alpena Downtown Development Association Board of Directors, Alpena Community College Financial Committee, Wolverine Supply Cooperative Board, and the Habitat for Humanity Board.
“I’m honored to be nominated for appointment to Mackinac and mBank’s Board of Directors,” said Thomson. “I admire their unwavering focus and commitment to their clients and the communities they serve. I’m looking forward to working with their first-class management team.”
The appointment of Thomson to mBank’s board of directors is expected to take place shortly following the closing of the merger agreement between First Federal of Northern Michigan Bancorp Inc. and Mackinac Financial Corporation. The closing remains subject to approval by FFNM and MFNC shareholders, approval by federal and state regulatory authorities, and the satisfaction of other customary closing conditions provided in the merger agreement.