Dec. 31, 2015, 5:26 PM
- MB Financial (MBFI -2.1%) says it's completed an acquisition of MSA Holdings, the parent of MainStreet Investment Advisors and Cambium Asset Management.
- MainStreet acts as an advisory firm for bank and independent trust companies as well as insurance companies. Cambium, meanwhile, deals in wealth management for individuals, families, foundations, endowments and institutions.
- The deal should be slightly accretive to 2016 EPS, MB Financial says, though it didn't disclose financial terms of the deal.
- MB Financial's subsidiary MB Financial Bank has about $15B in assets.
Sep. 17, 2014, 11:03 AM
Mar. 19, 2014, 10:20 AM
Oct. 11, 2013, 5:36 PM
MB Financial, Inc. operates as a bank holding company for MB Financial Bank NA. Its primary lines of business include commercial banking, leasing, retail banking and wealth management. The company offers financial solutions, including debt, equity and bridge financing to privately-held... More
Industry: Regional - Midwest Banks
Country: United States
Other News & PR