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MB Financial redeeming certain TruPS


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MB Financial redeeming certain TruPS

MB Financial Inc.'s American Chartered Statutory Trust I is redeeming its outstanding capital securities for approximately $20.3 million.

The trust preferred securities will be redeemed March 19, as Chicago-based MB Financial concurrently redeems its own floating-rate junior subordinated debentures due 2031. Those debentures are held by the Trust.

The redemption will be funded with the proceeds of a depositary share offering.