MB Financial Receives OCC Approval for Cole Taylor Merger
MB Financial announced the Office of the Comptroller of the Currency approved the merger of Cole Taylor Bank, the bank subsidiary of Taylor Capital Group, with MB Financial’s bank subsidiary, MB Financial Bank. 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.
Mitchell Feiger, MB Financial president and CEO, 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.
Previously on abfjournal: MB Financial to Acquire Taylor Capital, July 15, 2013