Broadening its presence in the regional markets further, Fifth Third Bancorp (FITB) agreed to acquire MB Financial (MBFI) in a cash-and-stock deal, creating the fourth largest bank in terms of deposit in the Chicago region. The $4.7-billion deal complement’s the bank’s long-term strategy to re-evaluate its branch network and grow in the key markets of … Continue reading Fifth Third Bancorp to buy MB Financial for $4.7 billion