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Fifth Third closes acquisition of MB Financial

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Fifth Third closes acquisition of MB Financial

Cincinnati-based Fifth Third Bancorp has completed its acquisition of Chicago-based MB Financial Inc.

Primary systems and client conversion is expected to occur in early May. Both companies will continue business as usual until the conversion.

As of Dec. 31, 2018, Fifth Third had $146.07 billion in assets, while MB Financial had $20.21 billion in assets.