MB Financial to Acquire Taylor Capital for $22.00/Share
MB Financial (NASDAQ: MBFI) and Taylor Capital
Group, Inc. (“Taylor Capital”) (NASDAQ: 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