Comment to the Federal Reserve Bank of Chicago on the proposed acquisition of Cole Taylor Bank by MB Financial, Inc.

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131025_mb_coletaylor_woodstock.pdfThis letter expresses concerns about the proposed acquisition of Cole Taylor Bank by MB Financial, Inc. It analyses the banks’ mortgage lending record and asks the Federal Reserve Bank of Chicago to set targets for the merged institution to improve Cole Taylor’s lending record to borrowers of color and low- and moderate-income borrowers as a condition of approval of the acquisition.

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