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MB Financial Merges Cole Taylor Bank Into MB Financial Bank

August 19, 2014, 06:48 AM
Filed Under: Industry News

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

In commenting on the transaction, Mitchell Feiger, President and Chief Executive Officer of MB Financial Inc., 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 Chief Executive Officer 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.”

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