Today, MB Financial, Inc. (NASDAQ: MBFI) announced that Ronald D. Santo,
chairman and group president of Chicago-based MB Financial Bank, and
vice president of MB Financial, Inc., will retire September 19, 2008,
from day-to-day bank operations after nearly 40 years serving the
financial needs of MB customers. Santo will continue in his role as
chairman of the board, MB Financial Bank, and as a board member, MB
Financial, Inc.
"I’ve had a
tremendous career with the bank and am thankful for the many
professional, personal and community-oriented opportunities it has
presented including lifelong relationships and friendships,”
Santo said. "This is an exciting industry and
while I’m stepping away from day-to-day
operations, I’ll continue to be involved with
the organization at a high level.” "We’ve benefited
greatly from the knowledge, experience and leadership that Ron has given
to MB and we’re lucky that he’ll
continue to be part of our organization,”
says Mitch Feiger, president and CEO, MB Financial, Inc. "Ron
set the bar high for all of us when it came to daily operations and he’ll
continue to influence the way we do business.”
While attending the American Institute of Banking, Santo began his
banking career after high school as a trainee at Chicago Heights
National Bank in 1961. In 1969, he accepted a position with The First
National Bank of Chicago before joining MidCity Bank in 1971 as
assistant auditor. He worked his way through the bank holding positions
as installment credit loan officer, real estate loan officer, assistant
vice president and commercial loan officer, and senior vice president.
Santo served as executive vice president and secretary of MidCity
Financial from 1981 to 1998, and as president and a director of The
Mid-City National Bank of Chicago, a subsidiary of MidCity Financial,
from 1988 to 1998. In addition, Santo served as chief executive officer
and a director of First National Bank of Elmhurst, a subsidiary of
MidCity Financial, since 1986, and vice chairman of the board of First
National Bank of Elmhurst since 1993. After the Mid-City Financial
Corporation/MB Financial, Inc. merger in 2001, Santo was named chairman
and group president of MB Financial Bank and vice president, MB
Financial, Inc.
Santo has been an active member of the banking community and has been a
committee member of the Illinois Bankers Association, and member of the
Illinois Mortgage Bankers Association and a member and past speaker of
the Illinois Bankers Association Commercial Lending School. Other
memberships have included the Illinois State Chamber of Commerce, Robert
Morris Association and the Bank Administration Institute. He is a past
director and treasurer of the Italian American Chamber of Commerce of
Chicago, past treasurer of Northwestern Community Mental Health Center
of the Northwestern Memorial Hospital, and past director of St. Patrick’s
Residence in Joliet, a function of the Carmelite Sisters.
MB Financial Bank (www.mbfinancial.com)
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. MB
Financial Bank has locations throughout the Chicagoland area.
MB Financial Bank, N.A. is the Illinois local operating unit of MB
Financial, Inc., a financial services holding company which is traded on
the NASDAQ as "MBFI." MB Financial, based in Chicago, has approximately
$8.4 billion in assets. Information about MB Financial can be found at www.mbfinancial.com.
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