Business Services Industry
MB Financial pushing ahead with acquisitions.(Annual Meetings)(net income reached $46.4 million in 2002)(Brief Article)
Crain's Chicago Business, May, 2003
Byline: H. LEE MURPHY The deal-making continues at MB Financial Inc., one of the most aggressive bank acquirers in the local market. Chicago-based MB followed up its 2001 merger with Mid-City Financial Corp. with the acquisitions last year of First Lincolnwood Corp. and LaSalle Systems Leasing LLC in Northbrook.
Earlier this year, the company announced it was selling its Abrams Centre National Bank in Dallas just as it was closing on the $41-million cash purchase of South Holland Trust & Savings Bank, with about $530 million in assets. And President and CEO Mitchell Feiger isn't finished. "We're always looking for more acquisitions,'' he said before the company's annual meeting. The sale of Abrams, he added, signals a new focus on Chicago. "We've decided...
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