MB Financial Inc. in Chicago said it has approved large salary increases for its two highest-paid employees, because as a participant in the Troubled Asset Relief Program it cannot continue to pay them bonuses.

In a filing Monday with the Securities and Exchange Commission, the $14 billion-asset company said it would increase the base salary of Mitchell Feiger, its president and chief executive, by nearly 75%, to $1.1 million, for 2010. The salary of Jill E. York, the vice president and chief financial officer, will increase 53% next year, to $450,000.

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