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FOR IMMEDIATE RELEASE
February 22, 2010

Contact:     Amy E. Essex
             Chief Financial Officer, Treasurer & Corporate Secretary
             First Federal of Northern Michigan Bancorp, Inc.
              (989) 356-9041

     First Federal of Northern Michigan Bancorp, Inc. Announces Transfer of
                  Common Stock Listing to NASDAQ Capital Market

Alpena,  Michigan -  (February  22,  2010) First  Federal of  Northern  Michigan
Bancorp,  Inc.  (Nasdaq:  FFNM) (the  "Company"),  the holding company for First
Federal of Northern Michigan,  a federal savings bank,  announced today that its
application  to transfer the listing of its common  stock to the NASDAQ  Capital
Market from the NASDAQ  Global Market has been  approved.  This transfer will be
effective  at the opening of business on Thursday,  February  25, 2010,  and the
Company's common stock will continue to trade under the symbol "FFNM."

"A  transfer to the  Capital  Market is expected to reduce our listing  expense,
while allowing our investors to continue to benefit from the liquidity  provided
by the NASDAQ Stock Market.  It also allows us to maintain our  visibility  with
the  investment  community  while we continue  to focus on our core  business of
banking," said Michael W. Mahler, President and Chief Executive Officer.