About MB Financial Bank
MB Financial Bank is a company based in Chicago (United States) founded in 1911 was acquired by Fifth Third Bancorp in May 2018.. MB Financial Bank has completed 3 acquisitions, including American Chartered Bank, MainStreet Advisors and Taylorcapital. MB Financial Bank offers products and services including Checking Accounts, Credit Cards, Mortgages, and Online Banking. MB Financial Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Chicago, United States
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Fifth Third Bank, National Association
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Fifth Third Bancorp
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
American Chartered Bank
& 2 more
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Acquired by
Fifth Third Bancorp
(May 20, 2018)
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Products & Services of MB Financial Bank
MB Financial Bank offers a comprehensive portfolio of products and services, including Checking Accounts, Credit Cards, Mortgages, and Online Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for daily transactions and money management
Cards for purchases, cash advances, and rewards programs
Loans for home buying and refinancing options
Platform for account access and transfers
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Funding Insights of MB Financial Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2008 | Amount | Post-IPO - MB Financial Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MB Financial Bank
MB Financial Bank has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Fifth Third Bancorp and Financial Investments Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Capital and strategic support are provided for company growth.
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Founded Year | Domain | Location | |
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Commercial bank
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MB Financial Bank
MB Financial Bank has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include American Chartered Bank, MainStreet Advisors and Taylorcapital. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Investment consulting firm
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2003 | ||||
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Provider of a range of financial services
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1987 | ||||
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MB Financial Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mb Financial Bank Comparisons
Competitors of MB Financial Bank
MB Financial Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided across the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mb Financial Bank
Frequently Asked Questions about MB Financial Bank
When was MB Financial Bank founded?
MB Financial Bank was founded in 1911 and raised its 1st funding round 97 years after it was founded.
Where is MB Financial Bank located?
MB Financial Bank is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of MB Financial Bank?
Mark Hoppe is the current CEO of MB Financial Bank.
What does MB Financial Bank do?
MB Financial Bank was established in 1911 in Chicago, United States, as a commercial bank. Core operations are centered on deposit accounts, commercial loans, and treasury management for businesses and individuals. Services extend to wealth management and cash management solutions. The banks activities are primarily conducted in the Midwest, with a focus on serving local and regional clients in various industries. Headquarters remain in Chicago, supporting community-based financial needs.
Who are the top competitors of MB Financial Bank?
What products or services does MB Financial Bank offer?
MB Financial Bank offers Checking Accounts, Credit Cards, Mortgages, and Online Banking.
How many acquisitions has MB Financial Bank made?
MB Financial Bank has made 3 acquisitions, including American Chartered Bank, MainStreet Advisors, and Taylorcapital.
Who are MB Financial Bank's investors?
MB Financial Bank has 2 investors. Key investors include Fifth Third Bancorp, and Financial Investments Corporation.
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