MB Financial announced it completed its acquisition of Taylor Capital Group and that Cole Taylor Bank has merged into MB Financial Bank.

MB Financial, the parent company of MB Financial Bank, announced today it completed its acquisition of Taylor Capital Group and that Cole Taylor Bank has merged into MB Financial Bank.

The following related news release was provided by Cole Taylor Equipment Finance:

MB Financial said by combining Cole Taylor Equipment Finance’s talented professionals and equipment financing expertise with MB’s diverse leasing capabilities, the combined organization is making an even deeper commitment to delivering solutions tailored to your business needs.

As part of a larger organization with $15 billion in assets, our teams will be able to offer an even stronger source of capital and a broader range of solutions to serve the debt financing and capital markets needs of our customers:

1. Cole Taylor Equipment Finance is now a subsidiary of MB Financial Bank. The Capital Markets team will continue to serve the institutional market through its buy-desk and syndication activities acquiring and syndicating tax and non-tax equipment lease and loan transactions.
2. MB’s Lease Banking team will continue to serve its independent leasing and equipment finance customers by providing non-recourse debt and acquiring full payout loan transactions. There are no changes to the unit’s organizational structure.