KBRA Comments on the Proposed Acquisition of MB Financial, Inc. (MBFI) by Fifth Third Bancorp (FITB)
MB FINANCIAL (MBFI)
Last mb financial earnings: 10/24 04:02 pm
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US:NASDAQ Investor Relations:
investor.mbfinancial.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Kroll Bond Rating Agency (KBRA) releases a comment on MB Financial, Inc. KBRA views the proposed merger favorably for creditors; both MB Financial, Inc.’s (NASDAQ: MBFI), as well as Fifth Third Bancorp’s (NASDAQ: FITB; not rated). The strategic rationale for the transaction seems clear, with the above average purchase price justified in KBRA’s view based on the quality of MBFI’s franchise, financial performance and condition. Key to achieving financial returns from the transaction are a meaningful amount of projected cost savings, which, given the two institutions’ significant Chicago branch overlap, seem reasonable in KBRA’s view. Beyond materially strengthening FITB’s Chicago market deposit share, MBFI’s attractive middle-market commercial lending and leasing businesses, if integrated well, should benefit the combi
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