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

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


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.