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.
