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MB Financial chairman to join Fifth Third's board upon deal closing

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MB Financial chairman to join Fifth Third's board upon deal closing

The board of Fifth Third Bancorp on March 14 voted to increase the board's size to 14 members and appointed Thomas Harvey and C. Bryan Daniels as independent directors effective once the Cincinnati-based company completes its acquisition of MB Financial Inc.

Harvey is the chairman of MB Financial and Daniels is a director of the Chicago-based company. The merger agreement requires Fifth Third to appoint to its board two of MB Financial's directors.

The deal has been approved by regulators and is expected to close March 22.