MB Financial announced the Office of the Comptroller of the Currency has approved the merger of Cole Taylor Bank, the bank subsidiary of Taylor Capital Group, with MB Financial subsidiary, MB Financial Bank.

As previously announced, the Board of Governors of the Federal Reserve System on June 30, 2014, approved the merger of Taylor Capital with MB Financial.

The transaction, which remains subject to the satisfaction of other customary conditions to closing, is expected to be completed on or about August 18, 2014.

As a result of the merger, MB Financial will encompass three equipment finance and leasing companies, i.e., LaSalle Solutions, Celtic Leasing and, via the merger, Cole Taylor Equipment Finance.

Mitchell Feiger, MB Financial, president and chief executive officer, said, “I’m pleased that we’ve received all necessary regulatory approvals for our pending merger with Taylor Capital and Cole Taylor Bank. We expect that the combination of our two middle-market, relationship-focused organizations will provide even more for our clients – more highly skilled bankers, more locations and more products and services.”