MB Financial, the parent of MB Financial Bank, has concluded the previously announced takeover of Taylor Capital Group.
As a part of the deal, Cole Taylor Bank has been integrated with MB Financial Bank.
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MB Financial president and CEO Mitchell Feiger 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 Hoppe said: "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."
Chicago-based MB Financial Bank provides a suite of financial solutions and the expertise and experience of bankers who focus on their clients’ success. It has around $15bn in assets.
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