Federal Reserve Board announces approval of proposals by Fifth Third Bancorp and Fifth Third Bank

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Federal Reserve Board announces approval of proposals by Fifth Third Bancorp and Fifth Third Bank

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The following press release was published by the Board of Governors of the Federal Reserve System on March 6, 2019. It is reproduced in full below.

The Federal Reserve Board on Wednesday announced its approval of the proposals by: 1. Fifth Third Bancorp, Cincinnati, Ohio, to acquire MB Financial, Inc., and thereby indirectly acquire MB Financial's subsidiary bank, MB Financial Bank, N.A., both of Chicago, Illinois, pursuant to section 3 of the Bank Holding Company Act of 1956; 2. Fifth Third Bank, Cincinnati, Ohio, to merge with MB Financial Bank, pursuant to section 18(c) of the Federal Deposit Insurance Act; and 3. Fifth Third Bank to establish and operate branches at the locations of the main office and branches of MB Financial Bank, pursuant to section 9 of the Federal Reserve Act.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System

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