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Michael Caruso Joins mBank as Vice President, Senior Commercial Banking Officer

2014 Press Releases Expand

TRAVERSE CITY, Mich., August 14, 2014 – mBank is pleased to announce the recent hire of Michael Caruso as Vice President - Senior Commercial Banking Officer in Traverse City. 

Michael will play a key role for the bank, servicing and growing the commercial loan portfolio in the Northern Lower Peninsula region while also being involved in various community events and civic groups. 

“Michael has an extensive background in commercial and business banking with a strong focus on finance and economics,” said Andrew Sabatine, Regional President - Northern Lower Peninsula, mBank. “We are very excited to have someone of his caliber join the mBank team in Traverse City to help promote and grow our presence here.”
Michael began his career at Comerica Bank in the credit analyst training program and has been in banking for 24 years. He spent from 1990 to 2002 in San Francisco working as a commercial relationship manager and as the Director of Finance of NetVersant, a telecom company.

Michael and his family relocated back to the Midwest when he took a position at Associated Bank in Madison, Wisconsin in 2003. During that time, he created and managed their Emerging Markets Group, doing work with the bank’s biotech and high-tech clients. 

For the past eight years Michael has been the market President at BMO Harris Bank in Mount Horeb, Wisconsin. 

“My family and I are very excited about the move to Traverse City and being able to join the professionals on the mBank team.  I look forward to continuing in the mBank tradition of working with growing companies in providing capital and liquidity to fund that growth.”

Michael earned his Bachelor of Arts degree at Michigan State University and went on to complete his MBA from Wayne State University.

Michael can be reached at 231-941-6303 or by email.

About Mackinac Financial Corporation and mBank
Headquartered in Manistique, Michigan, mBank is the principal subsidiary of Mackinac Financial Corporation whose common stock is traded on the NASDAQ stock market as “MFNC.”  With assets in excess of $575 million, the community bank empowers individuals and small- to medium-sized businesses with smart financing and depository solutions for peace of mind.  For more information visit mBank Traverse City.