MB Financial to Acquire Taylor Capital for $22.00/Share

MB Financial MBFI and Taylor Capital Group, Inc. (“Taylor Capital”) TAYC announced the signing of a definitive merger agreement whereby MB Financial will acquire Taylor Capital. Taylor Capital is the holding company of Cole Taylor Bank, a commercial bank headquartered in Chicago with $5.9 billion in assets, $3.3 billion in loans and $3.7 billion in deposits as of June 30, 2013. MB Financial is the $9.4 billion Chicago-based holding company of MB Financial Bank, N.A. The strategically attractive combination is expected to nearly double MB Financial's middle market commercial banking market share in the Chicago area. Taylor Capital's nine branches complement MB Financial's existing network of 85 Chicago-area branches. The combined See full press release