There’s a hometown paper mill in Manistique: Manistique Papers. There’s also a hometown bank in Manistique: mBank, which has branches all over the state. The bank took that community spirit all the way by putting up almost $7 million to save the mill from bankruptcy and closure. Thanks, mBank. Only in the U.P.
Excerpt: When the bankruptcy announcement was made on August 5, Manistique Papers owed their original lender, RBS Citizens, $11 million. But now mBank and the Michigan Economic Development Corporation have agreed to pay off the existing loan.
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Source: UpperMichigansSource.com
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