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.
