MB Financial, Inc. · Rosemont, IL United States ·(NASDAQ (GS): MBFI)
Company Description
View MB Financial, Inc. Locations On A US Map
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This link will open in a new window The "MB" in MB Financial doesn't stand for "Midsized Businesses," even though that's its target market. The holding company for MB Financial Bank has about 70 branches in the Chicago area and one in Philadelphia. Its loan portfolio is mainly composed of commercial real estate mortgages (about 40%) and business loans (25%). In addition to serving small and middle-market companies, MB Financial offers retail banking and lending to consumers. The company also offers investment management and trust services. Subsidiary Vision Investment Services provides brokerage services and annuities. LaSalle Systems leases technology-related equipment to corporations. To read the full description, subscribe now.
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Key MB Financial, Inc. Financials
| Company Type | Public - NASDAQ (GS): MBFI Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $319.4 |
| 2008 Employees | 1,342 |
MB Financial, Inc. Executives
24 executives listed for MB Financial, Inc.'s Rosemont, IL location.
| Title | Name & Bio | Contact |
| Chairman | Thomas Harvey | Network |
| Vice Chairman | James Hallene | Network |
| President, CEO, and Director | Mitchell Feiger | Network |
Competition
Competitive Landscape for MB Financial, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top MB Financial, Inc. Competitors
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