Federal regulators on March 7 approved a plan by Fifth Third Bancorp of Cincinnati to acquire MB Financial Inc. of Chicago. The merger, announced in May 2018, was approved by MB Financial stockholders in September 2018. The deal is expected to close on March 22. Representatives for both banks said system conversions expected to occur […]
Fifth Third Bancorp, MB Financial Inc. merging operations
Cincinnati-based Fifth Third Bancorp and MB Financial Inc. will merge operations in a stock and cash transaction valued at $4.7 billion. MB Financial is the holding company for MB Financial Bank, which has about $20 billion in assets and has served the Chicago area for more than 100 years. The deal still is subject […]