Form 8-K MB FINANCIAL INC /MD For: Nov 20
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MB Financial (MBFI) to Acquire American Chartered in $449M Deal
November 23, 2015 6:14 AM ESTMB Financial (NASDAQ: MBFI) and American Chartered Bancorp, Inc. (American Chartered) announced the signing of a definitive merger agreement whereby MB Financial will acquire American Chartered and its wholly owned bank subsidiary, American Chartered Bank, in a stock and cash transaction valued at approximately $449 million, or $9.30 per share.
Founded in 1987, American Chartered is a privately-held commercial bank focused on serving Chicagos middle-market and emerging middle-market business community. American Chartered operates 15 banking offices and has approximately $2.8 billion in total assets, $2.2 billion in deposits, of which half are non-interest-bearing, and $2.0 billion in... More
