Superior National and Range Bank to Merge into $1.68 Billion Entity

The merger brings together Superior National Bank, based in Hancock with $1.05 billion in assets, and Marquette’s Range Bank, which holds $635 million. Both institutions boast histories dating back to the late 19th century, with a combined focus on commercial, municipal, and retail banking across the Upper Peninsula, Southeast Michigan, and Green Bay, Wisconsin. The transaction is expected to close in late 2026, with the core systems integration and full bank merger slated for spring 2027.

Under the new structure, the combined entity will be headquartered in Hancock, though it will retain executive offices in Marquette. Mike Hauswirth, the current president and CEO of Superior National Bank, will lead the new organization as CEO, while Jamey Markham will serve as president. The board of directors will draw from both legacy institutions, split between seven members from Superior National and five from Range Bank. Leadership cited the need for increased scale to manage rising cybersecurity and regulatory costs as a primary driver for the union, alongside the opportunity to offer expanded commercial loan limits and a broader branch network to existing customers.