On March 29, 2018, Mackinac Financial Corporation announced that Martin A. Thomson has been nominated for appointment to the company's Board of Directors, with such appointment subject to the closing of the agreement and Plan of Merger, dated January 16, 2018 by and among the company, First Federal of Northern Michigan Bancorp Inc. Thomson has served as Chairman of the Board of Directors of First Federal of Northern Michigan Bancorp Inc. since May 2008. 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.