New Risk Chief Steps In at MB Financial
MB Financial Bank in Chicago has filled its chief risk officer post.
The $15 billion-asset bank said in a press release Wednesday that Kevin Moffitt has been hired to succeed Brian Wildman, who was named MB Financial's executive vice president of consumer banking in March.
Moffitt will lead the bank's risk management group that includes credit review, compliance, financial crimes risk management, enterprise risk management, and the legal and mortgage risk management divisions. Moffitt is tasked with helping to further build risk management processes across the entire company, the bank said.
MB Financial in Chicago said its first-quarter profit rose 15.6% from a year earlier as fee income rose and expenses fell.April 19
First Midwest Bank in Itasca, Ill., announced Friday that it has hired Jo Ann Boylan, formerly of MB Financial Bank in Chicago, as chief information and operations officer.April 8
MB Financial in Chicago has agreed to buy American Chartered Bancorp in Chicago.November 23
Moffitt arrives at MB Financial from the $10.6 billion-asset First Midwest Bancorp in Itasca, Ill., where since 2009 he was executive vice president and chief risk officer.
"With three decades of risk and control management experience and a strong record of achievement, Kevin's background positions him to be an influential executive," Chief Executive Mitchell Feiger said in the release.