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Fifth Third Bank Closing 44 Branches In Chicago

Fifth Third Bank is closing 44 branches in greater Chicago as a result of its $4.7 billion acquisition of MB Financial. Nearly one in five locations of the combined bank will close on July 9 and 10 in a cost-saving move aimed at eliminating branch overlap, Fifth Third spokesman Larry Magnesen told the Chicago Tribune.  The acquisition bolstered Fifth Third as a middle-market business bank.

Read the whole story at Chicago Tribune »

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