Cole Taylor Business Capital is now MB Business Capital as MB Financial, Inc. completed its acquisition of Taylor Capital Group, Inc. 

In commenting on the transaction, MB Financial Bank President and Chief Executive Officer Mark A. Hoppe, said, “The combination of Cole Taylor Bank and MB Financial Bank creates a nearly $15 billion organization dedicated to the needs of business. Our combined resources, experience and expertise will allow MB Financial Bank and MB Business Capital to focus even more on helping our clients and prospects succeed.”

Michael Sharkey, President of MB Business Capital, said, “The merger with MB Financial Bank will allow us to offer an even broader array of competitively priced products and services. I’m delighted that our team has joined the MB team and am confident that the combined organization will be an even stronger ally for our clients.”

MB Business Capital is the asset-based lending division of MB Financial Bank, N.A., a commercial bank headquartered in Chicago, Illinois. MB Business Capital seeks asset based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million. The firm can also provide access to the full range of business banking products and services offered by MB Financial Bank.

MB Financial Bank N.A. is a Chicago-based commercial bank with approximately $15 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals. MB Financial Bank offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success. MB Financial Bank is a wholly-owned subsidiary of MB Financial, Inc.