During the corresponding time, First Federal Of Northern Michigan Bancorp, Inc. saw a revenue deteriorated by -31.08 % year on year, sequentially revenue fell by -2.22 %. While revenue at the First Federal Of Northern Michigan Bancorp, Inc.'s corporate clients
for the same period First Federal Of Northern Michigan Bancorp, Inc. revnue deteriorated by -31.08 % year on year, sequentially revenue fell by -2.22 %.
First Federal Of Northern Michigan Bancorp's Comment on Sales, Marketing and Customers
First Federal of Northern Michigan conducts operations through its main office
in Alpena, Michigan, which is located in the northeastern lower peninsula of
Michigan.
Alpena is the largest city located in the northeastern lower peninsula of Michigan.
This area has long been associated with agricultural, wood and concrete industries.
Tourism has also been a major industry in our primary market area. All of these
industries tend to be seasonal and are strongly affected by state and national
economic conditions.
Major employers in our primary market area include various public schools and
governmental agencies, Alpena Regional Medical Center, Besser Company (a manufacturer
of concrete products equipment), Lafarge Corporation (an international limestone
mining and cement producer), Panel Processing (a peg board manufacturer), Treetops
Sylvan Resort (an operator of resort properties), Garland Resort (an operator
of resort properties and golf courses), Otsego Memorial Hospital, Decorative
Panels International (a hardboard manufacturer), OMNI Metalcraft Corp. (a diversified
manufacturer), and various other small companies.
Sources:
First Federal Of Northern Michigan Bancorp, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: First Federal Of Northern Michigan Bancorp, Inc.’s corporate clients.
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