MBFI Profile
MB
Financial Inc. (MBFI) is a financial holding company headquartered in
Chicago, Illinois, United States. It operates as a bank holding
company for MB Financial Bank, N.A. which provides commercial banking,
retail banking, and wealth management services to businesses and
individuals.
MBFI's commercial banking services include
commercial lending, treasury management, and deposit products. Its
retail banking services include personal banking, consumer lending,
and mortgage services. The bank also provides wealth management
services such as investment management, financial planning, and
retirement planning.
As of December 31, 2021, MB Financial Bank
had total assets of $22.3 billion, total loans of $12.8 billion, and
total deposits of $19.9 billion. MBFI's stock is traded on the NASDAQ
stock exchange under the ticker symbol MBFI.
In October 2018,
Fifth Third Bancorp completed its acquisition of MB Financial, making
it a wholly-owned subsidiary of Fifth Third Bancorp. The acquisition
allowed Fifth Third Bancorp to expand its presence in the Midwest
region of the United States.
Overall, MB Financial Inc. is a
well-established financial holding company with a strong presence in
commercial banking, retail banking, and wealth management services.
Its acquisition by Fifth Third Bancorp further strengthens its
position in the financial service
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