Monroe Bank Trustmi buys $15,605,877 stake in MBT Financial Corp. (MBTF)

MBT Financial Corp. (MBTF) : Monroe Bank Trustmi scooped up 700,290 additional shares in MBT Financial Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 1,929,033 shares of MBT Financial Corp. which is valued at $15,605,877.MBT Financial Corp. makes up approximately 5.34% of Monroe Bank Trustmi’s portfolio.

MBT Financial Corp. opened for trading at $8 and hit $8.3 on the upside on Friday, eventually ending the session at $8.09, with a gain of 1.25% or 0.1 points. The heightened volatility saw the trading volume jump to 45,884 shares. Company has a market cap of $185 M.

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MBT Financial Corp. is a bank holding company. The Company operates through its wholly owned subsidiary Monroe Bank & Trust (the Bank). The Bank provides customary retail and commercial banking and trust services to its customers including checking and savings accounts time deposits safe deposit facilities commercial loans personal loans real estate mortgage loans installment loans individual retirement accounts (IRAs) automated teller machines (ATMs) and night depository facilities treasury management services telephone and Internet banking personal trust employee benefit and investment management services. Monroe Bank & Trust’s service areas consist of Monroe Wayne and Lenawee counties in Southern Michigan. Monroe Bank & Trust operates 17 banking offices and a mortgage loan office in Monroe County Michigan. The Bank also operates seven banking offices in Wayne County Michigan.

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