MB Financial: Fifth Third completes major Chicago acquisition

Fifth Third Bancorp has closed on its purchase of Chicago-based MB Financial. The deal valued at $4.7 billion was expected to be completed this month following Federal Reserve Board approval. Downtown Cincinnati-based Fifth Third (Nasdaq: FITB), the largest locally based bank and the nation's 17th biggest, expects to convert the bank systems at MB Financial branches in May and will let customers know when branches will be converted or consolidated. The deal, Fifth Third's largest since it...