EXHIBIT 99.1

                              (MACKINAC FINANCIAL LOGO)


FOR IMMEDIATE RELEASE                        CONTACT:   Paul D. Tobias
November 16, 2006                                       Mackinac Financial
                                                        (248) 290-5901

          MACKINAC FINANCIAL CORPORATION ANNOUNCES SLATE OF PROMOTIONS

MANISTIQUE, MICHIGAN -- Paul D. Tobias, Chairman and CEO of Mackinac Financial
Corporation ("MFNC") and Chairman of mBank, a subsidiary of MFNC, has announced
the promotion of Kelly W. George to President and Chief Executive Officer of
mBank and President of MFNC, saying, "Kelly's promotion reflects the Board of
Directors' confidence in his managing the strategic growth initiatives of the
mBank organization."

         Since August 2005, Mr. George has served in the capacity of President
of mBank. Previously, he was mBank's Executive Vice President and Chief Lending
Officer. Mr. George joined North Country Bank and Trust (n/k/a mBank) in
September 2003. He provided leadership throughout all lending areas of the bank
to improve its loan portfolio and credit risk management systems. Following the
successful turnaround and subsequent $30 million recapitalization of the bank in
December 2004, Mr. George was promoted to Executive Vice President in April
2005.

         Mr. Tobias also announced the promotion of Eliot R. Stark to Vice
Chairman of mBank as well as of Mackinac Financial Corporation, and of Ernie R.
Krueger as Chief Financial Officer of mBank and of Mackinac Financial
Corporation. In these roles, Mr. Stark will focus on the development of the
Oakland County market and on Mackinac Financial Corporation strategy. Mr.
Krueger will be responsible for managing all financial functions of MFNC and
mBank, including asset/liability management, regulatory and SEC reporting,
budgeting and financial forecasting.

         Mackinac Financial Corporation is a registered bank holding company
which owns mBank. The Bank has 13 offices: nine in the Upper Peninsula and four
in Lower Michigan. The Company's banking services include commercial lending and
treasury management products and services geared toward small to mid-sized
businesses, as well as checking and savings accounts, time deposits, interest
bearing transaction accounts, safe deposit facilities, real estate mortgage
lending, and direct and indirect consumer financing.



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