M&A Deal Summary

Fifth Third Bank Acquires MB Financial

On May 21, 2018, Fifth Third Bank acquired financial services company MB Financial for 4.7B USD

Acquisition Highlights
  • This is Fifth Third Bank’s 29th transaction in the Financial Services sector.
  • This is Fifth Third Bank’s 2nd largest (disclosed) transaction.
  • This is Fifth Third Bank’s 31st transaction in the United States.
  • This is Fifth Third Bank’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-05-21
Target MB Financial
Sector Financial Services
Buyer(s) Fifth Third Bank
Deal Type Merger
Deal Value 4.7B USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Silver Freedman Taff & Tiernan
Vedder Price P.C. (Legal)

Target

MB Financial

Chicago, Illinois, United States
website
Entrance to a MB Financial office in Rosemont, Illinois.
Entrance to a MB Financial office in Rosemont, Illinois.
MB Financial, Inc. is the Chicago-based holding company for MB Financial Bank, which has approximately $20 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals. MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success. MB Financial was formed in 1911 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Fifth Third Bank

Cincinnati, Ohio, United States

website

Category Company
Founded 1858
Sector Financial Services
Employees19,319
Revenue 8.2B USD (2022)
DESCRIPTION
Fifth Third Bank branch in Chicago, Illinois.
Fifth Third Bank branch in Chicago, Illinois.

Fifth Third Bank is a regional US-based bank. Fifth Third provides a variety of financial services including commercial lending, consumer lending, and investment advisory. Fifth Third Bank was incorporated in 1858 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 31 of 37
Sector (Financial Services) 29 of 31
Type (Merger) 1 of 1
State (Illinois) 1 of 1
Country (United States) 31 of 37
Year (2018) 1 of 1
Size (of disclosed) 2 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-15 Epic Insurance Solutions

Louisville, Kentucky, United States

Epic Insurance Solutions LLC is a provider of property and casualty insurance products and services. Its primary services include HR outsourcing, recruiting, training, HR policies and procedures and other HR-related services. The Louisville-based insurance agency and company primarily serve the Kentucky and Indiana market.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Hammond Hanlon Camp

San Diego, California, United States

Founded in 2011, H2C is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor to healthcare organizations and related companies throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers and acquisitions, capital markets, and real estate transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value.

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Mergr

Product

Company

Legal