Daily News: August 19, 2014

MBFI Merges Cole Taylor into MB Financial

MB Financial, the parent company of MB Financial Bank, announced it completed its acquisition of Taylor Capital Group and that Cole Taylor Bank has merged into MB Financial Bank.

Mitchell Feiger, president and CEO of MB Financial, said, “The completion of this transaction represents one of the most significant milestones in our more than one hundred year history and is the largest merger ever of two Chicago-based banks. I’m delighted to welcome Mark Hoppe and his colleagues to MB Financial and am confident that the combined organization will be an even stronger ally for our clients and our communities.”

MB Financial Bank President and CEO Mark A. Hoppe noted, “With nearly $15 billion in assets and one of the strongest middle-market, relationship-based teams in the marketplace, we’re ready to focus even more intensely on helping our clients and prospects grow and succeed.”

Previously on abfjournal: MB Financial Receives OCC Approval for Cole Taylor Merger, July 28, 2014