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mBank Announces Senior Level Promotions

2016 Press Releases Expand

MANISTIQUE, Mich., June 16th, 2016 -- mBank is pleased to announce the promotions of Senior Vice Presidents Clay Peterson and Joanna Slaght. In their new roles, they will continue to provide senior level leadership throughout various administrative, client service, and governance areas of the company to support the growing operating platform resulting from both multiple bank acquisitions and organic expansion efforts the last 18 months.

Clay Peterson, Senior Vice President, Western UP & Wisconsin Market Executive and Managing Director of Retail Banking. Mr. Peterson has been with the bank for approximately 1.5 years as the Senior Vice President, Delta County Regional Executive. During this time, he has played several key roles in expanding our retail/commercial footprint in Delta County and assisted in the successful acquisition of the First National Bank of Eagle River, WI. His experience from an expansive and diverse, 15 plus year banking career in Northern Michigan has proven to be essential in the overall continued success of our growth efforts. Peterson will now oversee all retail banking activities including the entire branch network and mortgage / consumer lending and will continue to manage all commercial lending activities in the Western UP and new Wisconsin markets. He is a graduate of Northern Michigan University with a B.S. in Business Management and a graduate of the University of Wisconsin-Graduate School of Banking. Clay is a native of the Upper Peninsula and currently resides in Gladstone with his family where he has been living for the last 16 years. Clay can be reached at (906) 786-8426 or by email at

Joanna Slaght, Senior Vice President, Managing Director of Administration & Regulatory Compliance Risk. Mrs. Slaght has been with the bank for over 20 years. During this time she has served mBank in several key senior management positions, including SVP Compliance Officer/Risk Manager, as well as direct supervision of mortgage underwriting and other administrative departments. Joanna has been a member of the bank's senior leadership team for 10 years. Through her direction, the bank has continued to attain strong compliance reviews while managing global compliance risk throughout the organization. She will now oversee Human Resources, Marketing, and Training & Development/Sales Administration for the company while continuing to manage the Compliance Department. Joanna holds a B.S. in Business Administration with Finance Specialization from Marquette University. Joanna currently resides in Newberry with her family where she has been living for the last 21 years. Joanna can be reached at (906) 341-7151 or by email at

Commenting on the Senior Level Officer promotions, President and CEO Kelly W. George stated “As our company continues to experience strong growth in assets and locations, it was evident these promotions were needed to continue to prudently operate the bank in the most efficient manner. These changes continue the mission of the advancement of our qualified professional staff and provides the company with consistent culture and operational leadership which we believe will position the company for long term success. In closing, it aligns our various key senior decision makers with their strongest competencies and allows them to focus their time and resources on the higher risk areas of the bank. We are highly confident that both Clay and Joanna, given their strong banking acumen and educational backgrounds, will excel in their new roles as they have for their entire tenure at the bank. These promotions reflect that and are very well deserved.”
About 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 $870 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: Member FDIC Equal Housing Lender