Manufacturers Bank Opens Downtown Office

Manufacturers Bank, one of the Chicago areaÕs largest bank groups, has enhanced its commercial and executive bank divisions with the opening of a downtown banking center at 2 S. La Salle St. Manufacturers now occupies a 7,000-sf, multi-floor facility at the southwest corner of La Salle and Madison streets in the heart of ChicagoÕs financial district.

Manufacturers, with over $1.4 billion in total assets, has been a locally operated financial institution for over 65 years. This is its thirteenth branch office in the Chicago metropolitan area. Manufacturers Bank has grown substantially in the last four years, with its acquisitions of Peterson Bank in 1995 and U.S. Bancorp Inc., the holding company of U.S. Bank in 1997. In February 1999, Manufacturers Bank merged with Avondale Federal Savings Bank. The new holding company is MB Financial Inc.

According to Jane Okarski, senior vice president/commercial banking, “This new facility provides our current and potential clients with easier access to our banking and lending facilities.”