MB Financial, Inc. (NASDAQ:MBFI), the holding company for MB Financial
Bank, N.A., today announced it has commenced an underwritten public
offering of $150 million of its common stock. The Company intends to use
the net proceeds from the offering for general corporate purposes.
J.P. Morgan Securities Inc. is the sole book-running manager. Sandler
O’Neill & Partners, L.P., FBR Capital Markets & Co., Howe Barnes Hoefer
& Arnett, Inc. and Sterne, Agee & Leach, Inc. are co-managers.
The Company intends to grant the underwriters a 30-day option to
purchase up to an additional 15 percent of the shares offered to cover
over-allotments, if any. The shares will be issued pursuant to a
prospectus supplement to the prospectus filed as a part of the Company’s
effective shelf-registration statement on Form S-3 (File No. 333-156332).
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities nor shall there be any
sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. Offers
may be made only by means of a prospectus and a related prospectus
supplement. Copies of a prospectus with respect to this offering may be
obtained from J.P. Morgan Securities Inc., 4 Chase Metrotech Center, CS
Level, Brooklyn, NY 11245, Attention: Prospectus Department,
718-242-8002.
About MB Financial
MB Financial, Inc. is the holding company for MB Financial Bank, N.A.
MB Financial Bank is a locally operated financial institution that has
been delivering competitive personalized service for nearly 100 years to
businesses and individuals who live and work in the Chicago metropolitan
area.
Safe Harbor Statement: Statements in this press release that are not
historical facts are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. By their nature,
such statements are subject to numerous factors that could cause actual
results to differ materially from those anticipated in such statements,
as discussed in MB Financial Inc.’s filings with the Securities and
Exchange Commission.