Surging MB Financial Holds $175M Offering

Law360, New York (September 14, 2009, 4:11 PM EDT) -- Having just snapped up another failed bank, Chicago-based MB Financial Inc. has offered $175 million of its common stock to replenish its purse for general corporate purposes, not excluding the bank’s continued expansion.

MB Financial, the parent company of MB Financial Bank, announced Monday the sale of 10.9 million shares of common stock at $16 per share, saying the offering will facilitate the streak of recent acquisitions from the Federal Deposit Insurance Corp. and allow the bank to seize similar opportunities in the future.

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