1 star ratingAverage User Rating:
1 star rating based on 4 reviews.

MB Financial Bank

MB Financial Bank Locations
800 West Madison Street
Chicago, IL 60607
1.888.422.6562
www.mbfinancial.com



MB Financial Bank is headquartered in Chicago and is the 5th largest bank in the state of Illinois. It is also the 110st largest bank in the nation. It was established in 1933 and as of March of 2012, it had grown to 1,700 employees at 93 locations. MB Financial Bank has a 3-star health rating.

MB Financial Bank Routing Number: 071025849

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2009

2008




See Rates for: Checking | Savings | Money Market | CD | IRA

MB Financial Bank Checking Account Rates

ApyMinMaxProduct
2.00%-$10kMB Red Checking
0.10%$100k-Signature Checking

MB Financial Bank Savings Account Rates

ApyMinMaxProduct
0.10%$25-Holiday Cash Club
0.10%--Personal Passbook Savings
0.10%--Personal Statement Savings
0.10%--Business Passbook Savings
0.10%--Business Statement Savings
0.05%--Health Savings Account

MB Financial Bank Money Market Rates

ApyMinMaxProduct
0.10%$250k-Personal Money Market Account
0.10%$250k-Business Money Market Account

MB Financial Bank CD Rates

ApyMinMaxProduct
1.05%$1k-60 Month CD
0.85%$1k-48 Month CD
0.60%$1k-36 Month CD
0.60%$25-36 Month Blossom Account
0.50%$100k-3 Year CDARS
0.50%$1k-30 Month CD
0.40%$1k-24 Month CD
0.40%$25-24 Month Blossom Account
0.40%$25-30 Month Blossom Account
0.30%$100k-2 Year CDARS
0.30%$1k-18 Month CD
0.25%$1k-12 Month CD
0.25%$25-12 Month Blossom Account
0.25%$25-18 Month Blossom Account
0.20%$100k-1 Year CDARS
0.15%$1k-9 Month CD
0.10%$1k-6 Month CD
0.05%$100k-26 Week CDARS
0.05%$1k-7 Day CD
0.05%$1k-1 Month CD
0.05%$1k-14 Day CD
0.05%$1k-3 Month CD
0.01%$100k-13 Week CDARS

MB Financial Bank IRA Rates

ApyMinMaxProduct
1.05%$1k-60 Month Roth IRA
1.05%$1k-60 Month IRA
0.85%$1k-48 Month IRA
0.85%$1k-48 Month Roth IRA
0.60%$1k-36 Month IRA
0.60%$1k-36 Month Roth IRA
0.50%$1k-30 Month IRA
0.50%$1k-30 Month Roth IRA
0.40%$1k-24 Month IRA
0.40%$1k-24 Month Roth IRA
0.30%$1k-18 Month IRA
0.30%$1k-18 Month Roth IRA
0.25%$1k-12 Month IRA
0.25%$1k-12 Month Roth IRA
0.15%$1k-9 Month IRA
0.15%$1k-9 Month Roth IRA
0.10%$1k-6 Month IRA
0.10%$1k-6 Month Roth IRA
0.05%$1k-3 Month IRA
0.05%$1k-3 Month Roth IRA

Rates updated: 5/26/2012 * Not all products updated

Data for Q1 2012


Institution Statistics


MB Financial Bank, National Association
FDIC Certificate #3628
BankRate ReportView
Year Established1933
Employees1700
Primary RegulatorOCC

Assets and Liabilities

Assets$9.65 billion
Loans$5.66 billion
Deposits$7.66 billion
Equity Capital$1.36 billion
Loan Loss Allowance$125.43 million
Unbacked Noncurrent Loans$451.25 million
Real Estate Owned$66.51 million

Historic Data - March 2011

Assets$10.02 billion
Equity Capital$1.35 billion
Loan Loss Allowance$165.74 million
Unbacked Noncurrent Loans$678.63 million
Real Estate Owned$82.03 million

Profit Margin - Quarterly

Net Interest Margin3.75%
Return on Assets0.9%
Return on Equity6.37%
Interest Income$89.16 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 MB Financial Bank had $517.76 million in non-current loans and owned real-estate with $1.48 billion in equity and loan loss allowances on hand to cover it. This gives MB Financial Bank a Texas Ratio of 34.97% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for MB Financial Bank decreased slightly from 50.18% as of March 31, 2011 to 34.97% as of March 31, 2012, resulting in a positive change of 30.30%.This indicates that the balance sheet and financial strength for MB Financial Bank has improved slightly in recent periods.
Deposit Growth2
In the past year, MB Financial Bank has decreased its total deposits by -$320.18 million, resulting in -4.01% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth MB Financial Bank has shown is below average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. MB Financial Bank has $9.65 billion in assets with $1.48 billion in equity, resulting in a capitalization level of 15.34%, which is excellent.
Write Review

Internet Banking And Customer Service
1 stars - Upset - Wednesday, November 2, 2011 - 5:31 PM

I inhertied MB Financial after Corus Bank failed and have decided it is time to run - not walk.  Like most I like to use my internet banking to pay everything because I forget to make payments sometime and my payments via MB are guaranteed - Right?  Not so fast buster. 

I was using internet banking to pay my monthly condominium association dues when in August my payment was returned back to the bank for bad mailing address.  I take the blame for this because I did have the wrong treasurer's name on the check - officers change.  I gave MB the correct information and the second payment was lost also.  We put another stop payment on the check and I told them not to worry and I would just try and remember how to write my own check and give it to the association directly. 

Fast-forward to September and the treasurer of my condominium associaiton contacts me to tell me my September payment was returned for "stop payment" except that I never put a stop payment on the check.  MB told me the check was returned by the post office again and they tried contacting the Payee to get the correct information before they intitiated the stop payment.  Hello!  Why didn't they contact me?  Why are they talking about my account with my treasurer?  Aren't their privacy regulations in place?  The response from the phone center was that they don't have to - they have tons and tons of bill payments and they can't possibly contact everyone and it is ok to talk to the treasurer in order to get the payment settled.  Hmmm. 

Fine MB Bank, you guarantee payment on time or you will pick-up the late fees.  MB says "Not so fast Customer!"  My payment is due on the 1st, but I have a 10 day grace period to make my payment.  I set-up my payment for the 2nd of the month.  MB Financial says that if your payment is set-up during your grace period, they don't have to guarantee your payment and they don't have to pay your late fees.

Transfer Your Bank Day couldn't have come at a better time. 

6

Worst Bank Ever
1 stars - templar - Wednesday, October 27, 2010 - 1:51 PM

Negative stars would be a better rating. Avoid MB Financial at all cost!

Ever since MB took over my account from another bank there's been nothing but problems. Internet banking doesn't work 90% of the time requiring a call into their support to unlock your account. At least twice they unlocked my account without asking any security questions - not a good thing.

Telephone banking is even worse, possibly the rudest and most useless people ever. Watch out when you ask to talk to a manager, it's unlikely you'll actually get a manager, just another service rep who is ruder than the last one. Anything and everything seems to need a paper form signed, then they lose it, then you do it over again. If it only takes 3 times or less than 6 weeks then you're lucky.

Finally I tried to close my account, after the usual weeks of missing and repeated paperwork they finally decided they had mailed a check several weeks back. Of course like everything else it was missing (and not sent with any tracking, signature, etc), but that's ok according to them because they'll re-issue it after I pay for an insurance bond to cover them against the loss!?!?! Yeah right...


5

Not Sure If This Is A Bank Or A Legitimate Thief?
1 stars - nolo - Monday, August 8, 2011 - 8:53 PM

Online banking is outdated, and it is full of problems. They also refuse to let me pay with the check to anyone I want. I cut $4000 check and my account was closed. Saying.. that MB bank does not like large amounts to be taken out. Funny part is that they show on online banking that 4000 was paid, and the amount is deducted from my account. Anyway I will need to wait to get my account balance for 90 days now. 

So is it a Bank of a Thief?

 

 

4

TERRIBLE!! STAY AWAY!! CUSTOMER SERVICE IS A JOKE!!
1 stars - CDJD99 - Tuesday, May 22, 2012 - 12:35 PM

STAY FAR FAR AWAY FROM THIS BANK.  I HAVE BEEN A CUSTOMER FOR 8 YEARS AND HAVE HAD NOTHING BUT PROBLEMS.  I HAVE NEVER OVERDRAFT AND HAVE THREE ACCOUNTS WITH THEM, YOU WOULD THINK I WOULD BE A VALUED CUSTOMER...NOT!!  THEY TREAT YOU LIKE A SECOND RATE CITIZEN.

I DEPOSITED A CHECK AND WAS TOLD IT TAKES 2 BUSINESS DAYS TO CLEAR, I CALLED ON MULTIPLE OCCASIONS VERIFYING THIS BECAUSE I KNOW WHAT IDIOTS THEY CAN BE.  WELL, I PLANNED ACCORDINGLY TO HAVE A LARGE SUM WITHDRAWN IN CASH, I CHECKED ONLINE TO MAKE SURE THE FUNDS HAD CLEARED...THEY DID.  I WENT TO THE SAME BRANCH THAT I HAD CALLED MULTIPLE TIMES IN THE WEEKS PRIOR TO TAKE THE MONEY OUT, BUT IT WAS A LITTLE TOO LATE FOR THESE LAZY PEOPLE TO DEAL WITH A WITHDRAWL.....SO THEY TOLD ME THEY HAD TO PUT AN EXTRA HOLD BECAUSE THEY DIDN'T KNOW I WAS GOING TO BE TAKING THE MONEY OUT IN CASH....WHICH I HAD TOLD THEM MULTIPLE TIMES IN MY PHONE CALLS PRIOR...COMPLETE MORONS AND THEN NOBODY IS WILLING TO RECTIFY THE SITUATION.

NEEDLESS TO SAY I WILL BE SWITCHING BANKS.

3
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