Chicago Banks Form Heavyweight In $680M Merger

Law360, New York (July 15, 2013, 1:16 PM EDT) -- Chicago-based MB Financial Inc. will purchase Taylor Capital Group Inc. in a deal valued at $680 million in cash and stock that will put the combined institution among the top-10 largest banks by deposit in the area, it said Monday.

The merger of MB Financial, the holding company for MB Financial Bank NA, and Taylor Capital, the parent of Cole Taylor Bank, will see the creation of an institution with a combined $10.5 billion in deposits, making it the ninth-largest deposit holder in the greater Chicago...
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