As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by WASHINGTONEXAMINER.COM:
Chicago-based MB Financial Inc. announced on Monday it would merge with Fifth Third Bancorp in a deal valued at $4.7 billion.
The transaction will result in one of the region’s largest middle-market banks. MB Financial’s chief executive officer Mitch Feiger will serve as CEO for the Chicago area after the acquisition and two members of the company’s board will join the board of directors of Fifth Third Bancorp.
The article goes on to state the following:
“We view MB Financial as a unique partner in our efforts to build scale in this strategically important market,” Greg Carmichael, president and CEO of Fifth Third Bancorp, said in a statement.
To weigh in on this information provided by WASHINGTONEXAMINER.COM, engage in our LIVE CHAT below. Scroll down.
Fifth Third Bancorp to buy MB Financial for about $4.7 billion: (Reuters) – U.S. regional bank Fifth Third Bancorp on Monday said it would buy MB Financial Inc in a stock-and-cash deal valued at about $4.7 billion. https://t.co/UABDOGA3Bz pic.twitter.com/LbAx3nvuOY
— TradeFlo (@TradeFlo) May 21, 2018
For more on this story, click the "read more" button below.
If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).
To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.
Sign up to get breaking news alerts from Dennis Michael Lynch.
REPORT: Parents outraged at school’s silent tribute for Gaza victims