Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
CHICAGO, Feb. 26, 2016 -- MB Financial, Bank N.A. (“MB”), a wholly owned subsidiary of MB Financial, Inc., announced today an agreement to sell its branch in Seneca, Illinois to First National Bank of Dwight, a wholly owned subsidiary of First Dwight Corporation. Commenting on the agreement, Mark A. Hoppe, President and CEO of MB Financial Bank, said, “We have enjoyed serving the Seneca area for the past six years and are confident that our customers will continue to be well-served by First National Bank of Dwight.”
“We are delighted to acquire MB’s Seneca branch,” said Robert J. Maierhofer, President and CEO of First National Bank of Dwight. “We look forward to providing community banking services to the Seneca market and becoming an important part of this community.”
The transaction is subject to regulatory approval and certain closing conditions. The transaction is not expected to have a significant impact on MB Financial Bank’s earnings. The Seneca branch had approximately $11.2 million in total deposits at December 31, 2015.
MB Financial, Inc. (Nasdaq:MBFI) is the Chicago-based holding company for MB Financial Bank, N.A. which has approximately $15.6 billion in assets, 80 branch locations in the Chicagoland area and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals. MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success.
First Dwight Corporation is the holding company for First National Bank of Dwight and has been serving the Dwight community since 1906.
Safe Harbor Statement: Statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. By their nature, such statements are subject to numerous factors that could cause actual results to differ materially from those anticipated in the statements, as discussed in documents MB Financial, Inc. has filed with and furnished to the Securities and Exchange Commission.
For Information at MB Financial, Inc. contact: Berry Allen - Investor Relations E-Mail: [email protected]
