South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 
Warner Bros. Discovery Shares Slide Amid Report of Potential Paramount Skydance Lawsuit 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccine Portfolio 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Brazilian Oil Workers’ Strike Continues as Key Petrobras Union Rejects Proposal 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
Nvidia and Groq Strike Strategic AI Inference Licensing Deal 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025 
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]
