EXHIBIT 99

                MBT FINANCIAL CORP. INCREASES QUARTERLY DIVIDEND

MONROE, MICHIGAN - On August 24, 2006, the Board of Directors of MBT Financial
Corp. (NASDAQ: MBTF) declared a quarterly cash dividend of eighteen (18) cents
per common share. Dividends will be paid on October 13, 2006 to shareholders of
record as of September 29, 2006. This is an increase of 5.88% from the dividend
declared in the second quarter. Based on the August 28 closing price of $14.55
per share, MBT Financial Corp. (NASDAQ: MBTF) has an annualized dividend yield
of 4.95% per common share.

H. Douglas Chaffin, President & CEO commented, "Although the interest rate
environment and our ongoing efforts to manage our non-performing asset (NPA)
problems have had a significant negative impact on our earnings, our strong
capital position enables us to continue to follow our dividend policy even in
difficult times. In addition to the loss we reported for the second quarter
ended June 30, we are currently investigating an opportunity to sell some
non-performing assets and other credit relationships. This may result in a net
loss in the third quarter, but it would allow us to focus our efforts on
earnings growth in the future."

MBT Financial Corp. is a single bank holding company headquartered in Monroe,
Michigan. Founded in 1858, Monroe Bank & Trust (MBT) is one of the largest
community banks in Southeast Michigan, with more than $1.5 billion in assets.
MBT is a full-service bank, offering a complete range of business and personal
accounts, credit options, and phone and online banking services. MBT's Wealth
Management Group is one of the largest and most respected in Southeastern
Michigan. With 25 offices, 38 ATMs, and a comprehensive array of products and
services, MBT prides itself in offering an incomparable banking experience for
its customers. Visit MBT's web site at http://www.mbandt.com.

Certain statements contained herein are not based on historical facts and are
"forward-looking statements" within the meaning of Section 21A of the Securities
Exchange Act of 1934. Forward-looking statements which are based on various
assumptions (some of which are beyond the Company's control), may be identified
by reference to a future period or periods, or by the use of forward-looking
terminology, such as "may," "will," "believe," "expect," "estimate,"
"anticipate," "continue," or similar terms or variations on those terms, or the
negative of these terms. Actual results could differ materially from those set
forth in forward-looking statements, due to a variety of factors, including, but
not limited to, those related to the economic environment, particularly in the
market areas in which the Company operates, competitive products and pricing,
fiscal and monetary policies of the U.S. Government, changes in government
regulations affecting financial institutions, including regulatory fees and
capital requirements, changes in prevailing interest rates, acquisitions and the
integration of acquired businesses, credit risk management, asset/liability
management, change in the financial and securities markets, including changes
with respect to the market value of our financial assets, the availability of
and costs associated with sources of liquidity, and the ability of the Company
to resolve or dispose of problem loans. The Company undertakes no obligation to
update or clarify forward-looking statements, whether as a result of new
information, future events or otherwise.