Banks in Mackinac Island, MI

Bank branch map: Mackinac Island

Banks sit at the coordinates in their FDIC record; credit union offices at their NCUA address, located with the U.S. Census Bureau Geocoder. Point at a marker for today's hours, tap it for the address, directions and the bank's site.

Short answer: 2 banks and credit unions operate 2 locations in Mackinac Island, according to the FDIC. 2 of them have coordinates on record and are on the map. ATMs and opening hours are not in the sources this page uses yet; each marker links to directions.

Positions are the regulators' own coordinates, or the Census Geocoder's point for the address, and can sit a few hundred feet from the door. Streets, buildings and parks come from OpenStreetMap through OpenFreeMap, with every street named as you zoom in; if that map cannot load, a simpler map drawn from the Census Bureau's TIGER/Line files takes its place. ATMs will follow with the Overture Maps import.

All banks in Mackinac Island

Sorted by number of local branches. Each branch shows where its hours and phone number come from.

Short answer: Central Savings Bank and The First National Bank of St. Ignace have the most locations in Mackinac Island, with 1 each. 2 banks have a single office in the city. Open any bank to see each address, today's hours where the bank publishes them and the phone number.

Central Savings Bank 1 branch · main office Sault Sainte Marie, MI Bank · 1

Central Savings Bank has 1 branch in Mackinac Island, 9 across Michigan and 9 nationwide. FDIC records list its main office in Sault Sainte Marie, MI and show it operating since 1902. With $516.8 million in total assets on June 30, 2026, it ranks No. 1,752 of 4,232 U.S. banks by total assets. The Mackinac Island Branch at 21 Hoban Street dates to 1995 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Mackinac Island Branch

  21 Hoban Street, 49757

  Hours: see the bank's site
  DirectionsWebsite

Central Savings Bank: profile, branches and contacts

The First National Bank of St. Ignace 1 branch · main office St. Ignace, MI Bank · 1

The First National Bank of St. Ignace has 1 branch in Mackinac Island, 7 across Michigan and 7 nationwide. FDIC records list its main office in St. Ignace, MI and show it operating since 1888. With $335.8 million in total assets on June 30, 2026, it ranks No. 2,322 of 4,232 U.S. banks by total assets. The Mackinac Island Branch at 7399 Market St dates to 1966 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Mackinac Island Branch

  7399 Market St, 49757

  Hours: see the bank's site
  DirectionsWebsite

The First National Bank of St. Ignace: profile, branches and contacts

Banking in Mackinac Island: the local picture

Short answer: 2 banks run 2 branches in Mackinac Island according to the FDIC. A population estimate for this place is not available from the Census Bureau, so branches per resident are not shown.

Of the 2 banks, 0 have their main office in Mackinac Island, 2 elsewhere in Michigan, according to the FDIC.

The bank with the longest record here is The First National Bank of St. Ignace, operating since 1888 according to the FDIC. In FDIC branch records, the longest-running branch is The First National Bank of St. Ignace's office at 7399 Market St, dating to 1966; the newest is Central Savings Bank's at 21 Hoban Street, from 1995.

None of the 2 locations here publishes hours in the sources this page uses. Each branch links to the bank's own site.

Chase, Bank of America and other national banks

Which big national banks have branches in Mackinac Island, and where the nearest one is if they do not.

Short answer: No branches in Mackinac Island: Chase (nearest in Harbor Springs, 33 mi), Wells Fargo (nearest in Birmingham, 239 mi), Bank of America (nearest in Grand Rapids, 202 mi), PNC Bank (nearest in Cheboygan, 16 mi), U.S. Bank, Truist, Fifth Third Bank (nearest in Petoskey, 37 mi), Huntington (nearest in Petoskey, 36 mi), Regions Bank, TD Bank, BMO.

Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Mackinac Island to the nearest branch in Michigan.

What your savings could earn

National benchmarks and the best published offers, from the Banrox Bank Rates tracker. Enter your own balance and rate to compare.

Short answer: At the national average savings rate of 0.38%, $10,000 kept in savings for a year earns about $38. The best published savings rate in the tracker, 3.75% at CIT Bank, earns about $375. The national average 12-month CD pays 1.71%.

Rates are the banks' published APYs as tracked on the Banrox Bank Rates page, with the date next to each benchmark; they are not offers from Banrox and can change daily. Interest is before tax. The best offers are mostly online banks and are open to Mackinac Island residents like anyone else.

Banks near Mackinac Island

Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.

Short answer: The closest towns with more choice are St. Ignace (6 miles) and Cheboygan (16 miles). Petoskey, 37 miles away, has the most banks nearby: 7.

Bank branch openings and closings in Mackinac Island

FDIC branch records, between September 5, 2025 and September 5, 2026.

Short answer: FDIC branch records show no bank branch openings in Mackinac Island between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.

Largest banks in Mackinac Island by total assets

Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Mackinac Island offices.

Short answer: Central Savings Bank is the largest bank with offices in Mackinac Island, with $516.8 million in total assets on June 30, 2026, No. 1,752 among U.S. banks by total assets. The First National Bank of St. Ignace is second with $335.8 million. Local deposit shares will follow once the FDIC Summary of Deposits is imported.

Total assets and ranks from FDIC BankFind as of June 30, 2026. Rank is among active banks that report total assets to the FDIC.

Banks in Mackinac Island: FAQ

How we build this page

Every figure above comes from one of these sources. Nothing is typed by hand, nothing is estimated.