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Stock Market & Financial Investment News

News Breaks
December 28, 2012
15:04 EDTMBFIMB Financial acquires privately held Celtic Leasing
MB Financial Bank, the wholly-owned subsidiary of MB Financial,announced that it has acquired Celtic Leasing, a privately held, mid-ticket equipment leasing company. In recent years Celticís lease originations have ranged from $75M to $100M on an annual basis. Celtic's CEO, Todd Meyer, and his management team will continue to lead the company. Celtic will operate as a wholly owned subsidiary of MB Financial Bank. The all-cash transaction closed today and is expected to be modestly accretive to MBFI's 2013 earnings.
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