MB FINANCIAL, INC. (NASDAQ:MBFI) Files An 8-K Other EventsItem 8.01 Other Events
On September 10, 2018, MB Financial, Inc. (the “Company”) issued a press release announcing that FOBB Statutory Trust III (the “Trust”) will redeem all of the Trust’s issued and outstanding capital (preferred) securities (the “Capital Securities”) on October 23, 2018, at an aggregate redemption price of $5.0 million plus accrued and unpaid interest to the redemption date totaling approximately $0.1 million. The redemption of the Capital Securities is a result of the concurrent redemption that will be made by the Company, as successor in interest to First Oak Brook Bancshares, Inc., of its Floating Rate Junior Subordinated Debt Securities due 2034, all of which are held by the Trust.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
MB FINANCIAL INC /MD ExhibitEX-99.1 2 ex991trupsredemptionnotice.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 MB Financial,…To view the full exhibit click
About MB FINANCIAL, INC. (NASDAQ:MBFI)
MB Financial, Inc. is a financial holding company. The Company, through its bank subsidiary, MB Financial Bank, N.A., offers a range of financial services to small and middle market businesses, and individuals. The Company’s segments include banking, leasing and mortgage banking. Its banking segment includes lending and deposit gathering activities. It includes four primary lines of business: commercial banking, lease banking, retail banking and wealth management. Its leasing segment includes lease originations and related services offered through the Company’s leasing subsidiaries: LaSalle Systems Leasing, Inc., Celtic Leasing Corp. and MB Equipment Finance, LLC. Its mortgage banking segment originates residential mortgage loans for sale to investors through its retail and third-party origination channels, as well as residential mortgage loans held in its loan portfolio. The mortgage banking segment also services residential mortgage loans owned by investors and the Company.