| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
85 |
| Employees |
2,980 |
| Revenues (TTM) (Millions $) |
933 |
| Net Income (TTM) (Millions $) |
220 |
| Cash Flow (TTM) (Millions $) |
71 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
MB Financial Inc. is a banking and financial services company based in the United States. It was founded in 1911 as the Manufacturers Bank and in 1933 it became the Michigan Boulevard National Bank. In 1982, it was renamed the Mid-City National Bank of Chicago and in 1999 it became MB Financial Bank. The company is headquartered in Chicago, Illinois and has more than 65 branches in Illinois, Indiana, Pennsylvania and Michigan.
MB Financial Inc. focuses on providing a range of banking and financial services to its clients, such as commercial banking, wealth management, mortgage lending, trust and personal banking services. The company also offers cash management services, online banking, mobile banking, remote deposit capture and lockbox services.
In 2018, MB Financial Inc. was acquired by Fifth Third Bancorp in a $4.7 billion transaction. The acquisition helped Fifth Third Bancorp expand its operations and customer base in the Midwest region of the United States. After the acquisition, MB Financial Inc. ceased to exist as a standalone company and became a part of Fifth Third Bancorp.
MB Financial Inc. had a strong reputation in the banking industry for providing excellent customer service, competitive rates, and innovative financial products. The company also had a positive reputation in the community for its philanthropic efforts and social responsibility initiatives, such as donating to local charities, supporting education programs and advocating for sustainability.
Overall, MB Financial Inc. was a well-respected and successful banking and financial services company with a long history of serving its clients and contributing positively to the communities in which it operated.
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