MB Financial, Inc. (NASDAQ: MBFI), the holding company for MB Financial
Bank, N.A., announced today that MB Financial Bank will participate in
the Federal Deposit Insurance Corporation (FDIC) Temporary Liquidity
Guarantee Program (TLGP).
"MB chose to continue in the program in order to offer our business and
individual customers a higher level of protection in this uncertain
economic environment,” said Mitchell Feiger, president and CEO, MB
Financial, Inc. "MB is well-capitalized and well positioned to serve the
financial needs of the Chicago-area market. With our solid commitment to
systems, service, sales and support in the Treasury Management area,
this reassures our customers and potential customers that their deposits
will have unlimited insurance coverage for all non-interest bearing
accounts and accounts earning 0.5 percent interest or less on deposit
with MB Financial Bank.”
This deposit protection remains in place through December 31, 2009. This
is in addition to the Emergency Economic Stabilization Act of 2008,
which temporarily raised the basic FDIC deposit insurance coverage
limits from $100,000 to $250,000 through the same time period.
MB Financial, Inc., a Chicago-based financial holding company, is the
parent company of 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. MB
Financial Bank has locations throughout the Chicagoland area. More
information about the company can be found at www.mbfinancial.com.
FORWARD-LOOKING STATEMENTS
When used in this press release and in filings with the Securities and
Exchange Commission, in other press releases or other public shareholder
communications, or in oral statements made with the approval of an
authorized executive officer, the words or phrases "believe," "will,"
"should," "will likely result," "are expected to," "will continue," "is
anticipated," "estimate," "project," "plans," or similar expressions are
intended to identify "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. You are cautioned
not to place undue reliance on any forward-looking statements, which
speak only as of the date made. These statements may relate to our
future financial performance, strategic plans or objectives, revenues or
earnings projections, or other financial items. By their nature, these
statements are subject to numerous uncertainties that could cause actual
results to differ materially from those anticipated in the statements,
including those factors discussed in documents filed or furnished by MB
Financial, Inc. with the Securities and Exchange Commission from time to
time.