mBank

Mackinac Financial Corporation Declares Cash Dividend On Common Stock

Retrieved on: 
Friday, June 18, 2021

MANISTIQUE, Mich., June 18, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the Bank), announced the approval of a cash dividend by its Board of Directors on June 18, 2021.

Key Points: 
  • MANISTIQUE, Mich., June 18, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the Bank), announced the approval of a cash dividend by its Board of Directors on June 18, 2021.
  • The Board of Directors declared a cash dividend of $.14 per common share for the second quarter of 2021, payable July 16, 2021 to shareholders of record at July 2, 2021.
  • Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.5 billion and whose common stock is traded on the NASDAQ stock market as MFNC.
  • Mackinac Financial Corporation undertakes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this release.

Commerzbank with strong results in the first quarter - transformation successfully started

Retrieved on: 
Wednesday, May 12, 2021

In conjunction with stable expenses and a lower risk result, this led to an operating profit of \xe2\x82\xac538 million.

Key Points: 
  • In conjunction with stable expenses and a lower risk result, this led to an operating profit of \xe2\x82\xac538 million.
  • "\nRevenues in the first quarter increased by 35% to \xe2\x82\xac2,492 million (Q1 2020: \xe2\x82\xac1,851 million) primarily on the basis of a strong net commission income and positive valuation effects.
  • This was primarily due to strong securities business with an increase in volume of \xe2\x82\xac15 billion since the beginning of the year.
  • The expectations are based on the assumption that there is no fundamental change affecting the Swiss francs loan portfolio at mBank.\n'

DGAP-News: Commerzbank with strong results in the first quarter - transformation successfully started

Retrieved on: 
Wednesday, May 12, 2021

In conjunction with stable expenses and a lower risk result, this led to an operating profit of \xe2\x82\xac538 million.

Key Points: 
  • In conjunction with stable expenses and a lower risk result, this led to an operating profit of \xe2\x82\xac538 million.
  • "\nRevenues in the first quarter increased by 35% to \xe2\x82\xac2,492 million (Q1 2020: \xe2\x82\xac1,851 million) primarily on the basis of a strong net commission income and positive valuation effects.
  • This was primarily due to strong securities business with an increase in volume of \xe2\x82\xac15 billion since the beginning of the year.
  • The expectations are based on the assumption that there is no fundamental change affecting the Swiss francs loan portfolio at mBank.\n'

Mackinac Financial Corporation Declares Cash Dividend on Common Stock

Retrieved on: 
Tuesday, March 30, 2021

MANISTIQUE, Mich., March 30, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the Bank), announced the approval of a cash dividend by its Board of Directors on March 30, 2021.

Key Points: 
  • MANISTIQUE, Mich., March 30, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the Bank), announced the approval of a cash dividend by its Board of Directors on March 30, 2021.
  • The Board of Directors declared a cash dividend of $.14 per common share for the first quarter of 2021, payable April 23, 2021 to shareholders of record at April 13, 2021.
  • Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.5 billion and whose common stock is traded on the NASDAQ stock market as MFNC.
  • Mackinac Financial Corporation undertakes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this release.

Mackinac Financial Corporation Declares Cash Dividend on Common Stock

Retrieved on: 
Tuesday, December 15, 2020

MANISTIQUE, Mich., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the Bank), announced the approval of a cash dividend by its Board of Directors on December 15, 2020.

Key Points: 
  • MANISTIQUE, Mich., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the Bank), announced the approval of a cash dividend by its Board of Directors on December 15, 2020.
  • The Board of Directors declared a cash dividend of $.14 per common share for the fourth quarter of 2020, payable January 11, 2021 to shareholders of record at December 28, 2020.
  • Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.5 billion and whose common stock is traded on the NASDAQ stock market as MFNC.
  • Mackinac Financial Corporation undertakes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this release.

mBank selects kACE Treasury Pricing System for Forward Pricing and Publishing

Retrieved on: 
Tuesday, November 10, 2020

kACE Treasury is fully integrated with the bank's existing treasury systems, both proprietary and those provided by third parties, to allow for a seamless workflow solution for its users.

Key Points: 
  • kACE Treasury is fully integrated with the bank's existing treasury systems, both proprietary and those provided by third parties, to allow for a seamless workflow solution for its users.
  • "We are delighted that mBank has joined the growing kACE community," said Richard Brunt, Managing Director at kACE.
  • "Since the acquisition of Kalahari, we have invested heavily in our treasury solutions, expanding its pricing capabilities and more importantly the openness of its API's, to allow for seamless publishing to downstream systems and e-commerce platforms.
  • "mBank selected kACE Treasury because of the accuracy of its pricing models and experience in integrating these models into existing e-commerce offerings," said Rich Winter, Senior Managing Director at FenicsMarket Data and Information Analytics Management.

mBank selects kACE Treasury Pricing System for Forward Pricing and Publishing

Retrieved on: 
Tuesday, November 10, 2020

kACE Treasury is fully integrated with the bank's existing treasury systems, both proprietary and those provided by third parties, to allow for a seamless workflow solution for its users.

Key Points: 
  • kACE Treasury is fully integrated with the bank's existing treasury systems, both proprietary and those provided by third parties, to allow for a seamless workflow solution for its users.
  • "We are delighted that mBank has joined the growing kACE community," said Richard Brunt, Managing Director at kACE.
  • "Since the acquisition of Kalahari, we have invested heavily in our treasury solutions, expanding its pricing capabilities and more importantly the openness of its API's, to allow for seamless publishing to downstream systems and e-commerce platforms.
  • "mBank selected kACE Treasury because of the accuracy of its pricing models and experience in integrating these models into existing e-commerce offerings," said Rich Winter, Senior Managing Director at FenicsMarket Data and Information Analytics Management.

Mackinac Financial Corporation Declares Cash Dividend on Common Stock

Retrieved on: 
Monday, September 21, 2020

MANISTIQUE, Mich., Sept. 21, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the Bank), announced the approval of a cash dividend by its Board of Directors on September 21, 2020.

Key Points: 
  • MANISTIQUE, Mich., Sept. 21, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the Bank), announced the approval of a cash dividend by its Board of Directors on September 21, 2020.
  • The Board of Directors declared a cash dividend of $.14 per common share for the third quarter of 2020, payable October 12, 2020 to shareholders of record at October 1, 2020.
  • Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.5 billion and whose common stock is traded on the NASDAQ stock market as MFNC.
  • Mackinac Financial Corporation undertakes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this release.

mBank Selects Wolters Kluwer’s OneSumX for Risk Management

Retrieved on: 
Wednesday, June 10, 2020

mBank, Polands fourth largest banking group based on assets, has chosen Wolters Kluwers OneSumX for Risk Management as its risk software.

Key Points: 
  • mBank, Polands fourth largest banking group based on assets, has chosen Wolters Kluwers OneSumX for Risk Management as its risk software.
  • Wolters Kluwer Finance, Risk & Reportings (FRR) OneSumX Market Risk module provides an integrated view of profit and loss and risks on balance sheet.
  • The ALM module of OneSumX for Risk Management, meanwhile, is based on Wolters Kluwers integrated platform, enabling balance sheet modelling, stress testing and dynamic planning and forecasting.
  • OneSumX for Risk Management provides the extensive functional coverage and scalability that mBank required when exploring options for risk software.

DGAP-News: Commerzbank launches issuance programme for additional tier 1 capital

Retrieved on: 
Tuesday, May 26, 2020

Commerzbank transacts approximately 30% of Germany's foreign trade and is the market leader in German corporate banking.

Key Points: 
  • Commerzbank transacts approximately 30% of Germany's foreign trade and is the market leader in German corporate banking.
  • The Bank offers its sector expertise to its corporate clients in Germany and abroad and is a leading provider of capital market products.
  • Its subsidiaries, comdirect in Germany and mBank in Poland, are two innovative online banks.
  • With approximately 800 branches going forward, Commerzbank has one of the densest branch networks in Germany.