Why is MB Financial merging with First Security Federal Savings Bank?
First Security Federal Savings Bank is an excellent financial institution that is highly compatible with MB Financial. We value the high level of service that you provide, the excellent relationships that you have with your customers, and your superb reputation in the community. We both serve a number of different ethnic markets that include consumers and small businesses. Your base has a high concentration of Ukrainian, Polish and Hispanic customers. While MB serves these markets as well, we also have a significant presence in Chicago’s Korean community. Ethnic Banking is an important component of our core strategy and we understand the cultural sensitivities within different markets. Our Korean Banking Group operates as a “bank within a bank” and we intend to work with the Ukrainian community in a similar fashion. The four First Security Chicago area locations also provide MB Financial with added market penetration, as they do not directly compete with our current locations. In addit
