MB Financial's acquisition of Taylor Capital Group (TAYC) has a bit more certainty — and a few more strings.

The $9.4 billion-asset MB Financial (MBFI) disclosed Tuesday that the Federal Reserve Board had approved the acquisition of the $5.7 billion-asset Taylor Capital. The Chicago companies still need approval from the Office of the Comptroller of the Currency, but the Fed approval offers a big boost of confidence that the transformational deal between the rivals will close.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.