MB FINANCIAL,INC. (NASDAQ:MBFI) Files An 8-K Other Events

ME Staff 8-k
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MB FINANCIAL,INC. (NASDAQ:MBFI) Files An 8-K Other Events

MB FINANCIAL,INC. (NASDAQ:MBFI) Files An 8-K Other Events
Item 8.01 Other Events

On August30, 2018, MB Financial,Inc. (the “Company”) issued a press release announcing that American Chartered Statutory Trust II (the “Trust”) will redeem all of the Trust’s issued and outstanding capital (preferred) securities (the “Capital Securities”) on October7, 2018, at an aggregate redemption price of $10.0 million plus accrued and unpaid interest to, but excluding, October7, 2018, 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 American Chartered Bancorp,Inc., of its Junior Subordinated Debt Securities due 2034 (the “Debt Securities”), all of which are held by the Trust. As a result of this redemption, the Company will recognize in the fourth quarter of 2018 a non-recurring, non-cash pre-tax charge of approximately $2.6 million, which represents the accelerated amortization of the acquisition accounting adjustment associated with the Debt Securities.

A copy of the press release is attached hereto as Exhibit99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d)Exhibits

Exhibit99.1

Press release dated August30, 2018


MB FINANCIAL INC /MD Exhibit
EX-99.1 2 a18-24141_1ex99d1.htm EX-99.1 Exhibit 99.1     MB Financial,…
To view the full exhibit click here

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.