trending Market Intelligence /marketintelligence/en/news-insights/trending/qtj8tcr6gzdlqgbv4twqoq2 content esgSubNav
In This List

MB Financial discloses TruPS redemption


Banking Essentials Newsletter: 17th April Edition


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

MB Financial discloses TruPS redemption

MB Financial Inc. said that FOBB Statutory Trust III will redeem all of the trust's issued and outstanding preferred securities on Oct. 23.

The total redemption price is $5 million, plus accrued and unpaid interest of about $100,000 to the redemption date.

The redemption of the preferred securities is a result of the concurrent redemption of the trust-held floating-rate junior subordinated debt securities due 2034, which will be made by the company as the successor in interest to First Oak Brook Bancshares Inc.