MB Financial
MB Financial is a Chicago-based bank holding company founded in 1911 that provided consumer, commercial, and specialty banking services across the U.S. before being acquired by HBT Financial, Inc.
- Company typePrivate
- Founded1911
- HeadquartersChicago, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What MB Financial does
MB Financial is a Chicago-based bank holding company founded in 1911 and publicly traded on NASDAQ under the ticker MBFI. Per available source data, the company operated as a multi-divisional regional bank with executive leadership spanning Consumer Banking (Brian J. Wildman, EVP), Commercial Banking (Mark A. Heckler, EVP), Specialty Banking and M&A (Jill E. York, EVP), and corporate functions including Administration (Rosemarie Bouman, EVP). Mitchell Feiger served as President and Chief Executive Officer; Mark A. Hoppe served as CEO of MB Financial Bank; Randall T. Conte held the combined EVP, CFO, and COO seat. The company's product surface therefore covered deposit and lending products for consumers and commercial clients alongside specialty banking and M&A advisory services, though pricing, fee schedules, and technology architecture are not disclosed in the input data.
MB Financial grew historically through targeted acquisitions, completing three inorganic transactions over a decade: First Securityfed Financial Corporation (2004-01-13), Celtic Leasing Corp. (2012-12-31, extending into equipment leasing), and Cole Taylor Bank (2014-08-18, expanding the commercial banking franchise and Chicago footprint). A $1,500,000 funding round was recorded on 2013-09-26 from undisclosed investors; given the company's public-bank status, this entry is anomalous and may reflect a non-equity instrument or data noise rather than primary capital. Revenue, customer counts, segment mix, geographic restrictions, partnerships, and technology stack details are explicitly not available in the provided sources., MB Financial, Inc. has been acquired by HBT Financial, Inc., with former MB Financial Chief Credit Officer Michael J. Morton appointed to HBT Financial's board of directors as part of the transition. The acquisition is described as part of HBT Financial's broader expansion strategy, which also included a merger with CNB Bank Shares. MB Financial's current operating status is therefore "acquired," and the entity now operates within HBT Financial's banking franchise; no standalone financials, products, or strategic direction are reported for MB Financial on a go-forward basis.
MB Financial firmographics
Firmographics- Name
- MB Financial
- Legal name
- MB Financial, Inc.
- Website
- https://mbfinancial.com
- Company type
- Private
- Founded year
- 1911
- Operating status
- Acquired
- Headcount range
- 1,001–5,000 employees
- Short description
- MB Financial is a Chicago-based bank holding company founded in 1911 that provided consumer, commercial, and specialty banking services across the U.S. before being acquired by HBT Financial, Inc.
- Ownership category
- akta.pro rank
MB Financial industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Commercial Banking (522110)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Management Buyouts (MBO/MBI) & Sponsor-Led Transactions Advisory (FSAEAGAI)
Keywords
Where MB Financial is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Markets served
MB Financial business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
MB Financial product offering
Product offeringCore offering
MB Financial was a Chicago-based bank holding company providing a full suite of commercial and consumer banking services, specialty banking and M&A advisory, equipment leasing through its Celtic Leasing Corp. subsidiary, and wealth/administrative services. It served businesses and consumers across metropolitan Chicago through branch locations and digital banking channels.
Differentiator
Problem solved
Functional benefit
Companies that use MB Financial
Customer profileIdeal customer profiles3 records
MB Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MB Financial partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights4 records
MB Financial competitors and assessment
Company assessmentDirect peers
- Cullen/Frost Bankers: Texas-based commercial bank with strong middle-market and consumer franchise, known for specialty/middle-market banking and M&A advisory via Frost Securities. Directly comparable to MB Financial's commercial banking plus Specialty Banking & M&A model. Texas-based commercial bank with strong middle-market and consumer franchise, known for specialty/middle-market banking and M&A advisory via Frost Securities. Directly comparable to MB Financial's commercial banking plus Specialty Banking & M&A model.
- Old National Bancorp: Mid-size Midwest bank holding company generated through multiple bank acquisitions, focused on commercial and consumer banking. Comparable to MB Financial as a community/commercial bank that grew through M&A across the Midwest. Mid-size Midwest bank holding company generated through multiple bank acquisitions, focused on commercial and consumer banking. Comparable to MB Financial as a community/commercial bank that grew through M&A across the Midwest.
- Pinnacle Financial Partners: Tennessee-based commercial bank with strong mid-market banking, treasury management, and wealth advisory focus. Comparable to MB Financial's commercial and specialty banking orientation, with similar revenue mix of net interest income plus fee businesses. Tennessee-based commercial bank with strong mid-market banking, treasury management, and wealth advisory focus. Comparable to MB Financial's commercial and specialty banking orientation, with similar revenue mix of net interest income plus fee businesses.
- First Midwest Bancorp: Chicago-based mid-cap commercial bank serving Midwest markets with commercial, retail, and wealth services. Closely comparable to MB Financial on region, target customer segments, and product breadth. Chicago-based mid-cap commercial bank serving Midwest markets with commercial, retail, and wealth services. Closely comparable to MB Financial on region, target customer segments, and product breadth.
- Wintrust Financial Corporation: Chicago-area super-community bank holding company with a community banking model plus specialty lending (FIS, niche CRE, mortgage). Directly comparable to MB Financial on geography, business model, and the mix of community banking plus specialty finance and M&A advisory. Chicago-area super-community bank holding company with a community banking model plus specialty lending (FIS, niche CRE, mortgage). Directly comparable to MB Financial on geography, business model, and the mix of community banking plus specialty finance and M&A advisory.
- Associated Banc-Corp: Midwest regional bank holding company serving Wisconsin, Illinois, and Minnesota with commercial, consumer, and wealth banking. Comparable to MB Financial on geographic footprint and product breadth. Midwest regional bank holding company serving Wisconsin, Illinois, and Minnesota with commercial, consumer, and wealth banking. Comparable to MB Financial on geographic footprint and product breadth.
- Webster Financial Corporation: Mid-size US bank holding company with commercial banking, consumer banking, and healthcare/SPECIALTY finance verticals. Comparable to MB Financial on size, business mix, and specialty finance overlay. Mid-size US bank holding company with commercial banking, consumer banking, and healthcare/SPECIALTY finance verticals. Comparable to MB Financial on size, business mix, and specialty finance overlay.
Broad incumbents
- Comerica Incorporated: Larger multi-state commercial bank with a strong middle-market and specialty banking franchise, including M&A advisory capabilities. Comparable to MB Financial at a larger scale with similar commercial/Specialty banking model. Larger multi-state commercial bank with a strong middle-market and specialty banking franchise, including M&A advisory capabilities. Comparable to MB Financial at a larger scale with similar commercial/Specialty banking model.
- Fifth Third Bancorp: Large regional bank holding company cited (per the redirect from mbfinancial.com) as the acquiring institution for MB Financial. Larger commercial/consumer bank with comparable Midwest commercial banking and capital-markets capabilities. Large regional bank holding company cited (per the redirect from mbfinancial.com) as the acquiring institution for MB Financial. Larger commercial/consumer bank with comparable Midwest commercial banking and capital-markets capabilities.
Regional players
- HBT Financial: Illinois-based bank holding company (Heartland Bank and Trust) that, acquired MB Financial. Comparable as a Midwest commercial bank consolidator pursuing growth through mergers and acquisitions. Illinois-based bank holding company (Heartland Bank and Trust) that, acquired MB Financial. Comparable as a Midwest commercial bank consolidator pursuing growth through mergers and acquisitions.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
MB Financial social profiles
Digital presenceMB Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
MB Financial leadership team
Management profileNumber of profiles
Profiles7 records
MB Financial funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MB Financial M&A and investment
M&A and investmentM&A3 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MB Financial
What does MB Financial do?
MB Financial was a Chicago-based bank holding company providing a full suite of commercial and consumer banking services, specialty banking and M&A advisory, equipment leasing through its Celtic Leasing Corp. subsidiary, and wealth/administrative services. It served businesses and consumers across metropolitan Chicago through branch locations and digital banking channels.
Is MB Financial a public or private company?
MB Financial is a private company. It is classified as public and is currently acquired.
When was MB Financial founded?
MB Financial was founded in 1911. It employs 1,001 to 5,000 people.
Where is MB Financial based?
MB Financial is headquartered in Chicago, United States, in the North America region.
Who are MB Financial's main competitors?
Direct peers on record are Cullen/Frost Bankers, Old National Bancorp, Pinnacle Financial Partners, First Midwest Bancorp, Wintrust Financial Corporation, Associated Banc-Corp and Webster Financial Corporation. Broad incumbents are Comerica Incorporated and Fifth Third Bancorp. HBT Financial is listed as a regional player.
Does MB Financial have an API?
No public API is recorded for MB Financial.
What industry is MB Financial in?
MB Financial's product category is Commercial Banking. Its primary akta.pro industry code is FSAEAGAI, Management Buyouts (MBO/MBI) & Sponsor-Led Transactions Advisory. Its NAICS code is 522110 and its SIC code is 6021.