trending Market Intelligence /marketintelligence/en/news-insights/trending/lzpGmTJl81DsRx9jisbTEg2 content esgSubNav
In This List

OCC, Fed approve MB Financial deal with American Chartered Bancorp

Blog

Banking Essentials Newsletter: 22nd March Edition

Blog

Bank failures: The importance of liquidity and funding data

Blog

Staying Strong in Volatile Markets: How Banks Can Overcome Challenges to Funding and Lending

Blog

Silicon Valley Bank Uncovering Regional Bank Stress with Equity Driven Credit Models


OCC, Fed approve MB Financial deal with American Chartered Bancorp

The OCC andthe Federal Reserve Board have approved MBFinancial Inc.'s pendingdeal with Schaumburg, Ill.-based American Chartered Bancorp Inc.

The is set to close during the thirdquarter and is still subject to other customary closing conditions. American CharteredBancorp shareholders also already greenlitthe transaction.

The companyalso disclosed that during the second quarter, merger-related and repositioningexpenses included a $1.5 million contract termination fee related to the anticipatedAmerican Chartered Bancorp integration, which is reflected in the company's otheroperating expenses for the period in its second-quarter financial results.