Company Website:
http://www.mbfinancial.com
CHICAGO -- (Business Wire)
MB Financial, Inc. (NASDAQ: MBFI), announced today that the Office of
the Comptroller of the Currency has approved the merger of Cole Taylor
Bank, the bank subsidiary of Taylor Capital Group, Inc., with MB
Financial, Inc.’s bank subsidiary, MB Financial Bank, N.A. As previously
announced, the Board of Governors of the Federal Reserve System on June
30, 2014, approved the merger of Taylor Capital with MB Financial, Inc.
Mitchell Feiger, MB Financial, Inc. President and Chief Executive
Officer, said, “I’m pleased that we’ve received all necessary regulatory
approvals for our pending merger with Taylor Capital and Cole Taylor
Bank. We expect that the combination of our two middle-market,
relationship-focused organizations will provide even more for our
clients - more highly skilled bankers, more locations and more products
and services.”
The transaction, which remains subject to the satisfaction of other
customary conditions to closing, is expected to be completed on or about
August 18, 2014.
MB Financial, Inc. is the holding company for MB Financial Bank, N.A. MB
Financial Bank is a locally operated financial institution that has been
delivering competitive personalized service for over 100 years to
businesses and individuals who live and work in the Chicago metropolitan
area.
Safe Harbor Statement: Statements in this press release that are not
historical facts are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. By their nature,
such statements are subject to numerous factors that could cause actual
results to differ materially from those anticipated in such statements,
as discussed in MB Financial’s filings with the Securities and Exchange
Commission.
Contacts:
MB Financial, Inc.
Jill York - Vice President and Chief
Financial Officer
E-Mail: jyork@mbfinancial.com
(888)
422-6562
Source: MB Financial, Inc.
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