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Mackinac Financial Corporation
MFNC 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.
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