News Business

MB Financial to buy American Chartered: report

By Sun-Times staff

MB Financial is expected to soon announce a deal to buy American Chartered Bank.

Chicago’s MB Financial will pay about $430 million for the privately held parent of American Chartered, which is based in Schaumburg, Crain’s Chicago Business reported Sunday, citing unnamed sources.

MB Financial has assets of nearly $15 billion; American Chartered has assets of about $2.6 billion.

An announcement could come as soon as Monday, Crain’s said.

Next Up In News

Netflix looks to curb password sharing, considers ads

Aiming to predict COVID, future pandemics better, CDC opens infectious diseases forecasting center

Joliet farmers wrangle cows thrown from semitrailer after crash on Interstate 80

1 killed, 3 wounded in shootings Tuesday in Chicago

Obama relatives sue Milwaukee school alleging racial bias

Unmasked transit: Pritzker ends mask mandates in public transportation, airports

Latest Stories

The Latest

A road, flanked by leafy trees, leads to the Illinois Capitol and its picturesque columns and dome.

Columnists

Chicago Teachers Union tries to bulldoze through Springfield on selective schools bill -- and loses

Mayor Brandon Johnson, whose popularity has plummeted along with his Statehouse influence, ought to take this as a warning not to follow the CTU’s example.

By Rich Miller

Obit Mandisa. Mandisa accepts the award for pop/contemporary album of the year at the Dove Awards Tuesday, Oct. 7, 2014, in Nashville, Tenn. Mandisa, a contemporary Christian singer who appeared on “American Idol” and won a Grammy for her 2013 album ‘Overcomer’, has died.

Music

Mandisa, Grammy-winning singer and 'American Idol' alum, dies at 47

Mandisa, whose full name is Mandisa Lynn Hundley, was born near Sacramento, California, and grew up singing in church.

By Associated Press

Cubs

Jameson Taillon allows one run in season debut as Cubs beat Marlins

“He’s going to be huge for us, and he’s huge for our team morale and locker room in general,” second baseman Nico Hoerner said.

By Kyle Williams

Bears

USC QB Caleb Williams aims to exceed Texans star C.J. Stroud's rookie season for Bears

Williams also said he hopes to play for the team for 20 seasons and eclipse Tom Brady’s seven championships.

By Jason Lieser

Cubs

Jed Hoyer hopes resiliency is a hallmark for Cubs

Hoyer commended the team for persevering through a long road trip, blown leads, an overworked bullpen and injuries.

By Kyle Williams