Federal Reserve Board announces approval of proposals by Fifth Third Bancorp and Fifth Third Bank
March 06, 2019
Federal Reserve Board announces approval of proposals by Fifth Third Bancorp and Fifth Third Bank
For release at 5:00 p.m. EST
The Federal Reserve Board on Wednesday announced its approval of the proposals by:
- Fifth Third Bancorp, Cincinnati, Ohio, to acquire MB Financial, Inc., and thereby indirectly acquire MB Financial's subsidiary bank, MB Financial Bank, N.A., both of Chicago, Illinois, pursuant to section 3 of the Bank Holding Company Act of 1956;
- Fifth Third Bank, Cincinnati, Ohio, to merge with MB Financial Bank, pursuant to section 18(c) of the Federal Deposit Insurance Act; and
- Fifth Third Bank to establish and operate branches at the locations of the main office and branches of MB Financial Bank, pursuant to section 9 of the Federal Reserve Act.
Attached is the Board's order relating to this action.
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