MB Financial Bank trades on new financial exchange

MB Financial Bank, a founding member of the newly created American Financial Exchange (AFX), made one of the early trades in the ground breaking opening of the innovative electronic marketplace.

The exchange will give hundreds of mid-sized banks across the U.S. more access to lend and borrow short-term funds in a transparent marketplace, while providing small businesses across the country more access to capital at a lower cost.

David Greiwe, senior vice president and treasurer, represented Rosemont-based MB at the AFX grand opening. Greiwe noted the significance of the exchange to MB Financial, "our hope for this exchange is to ultimately improve liquidity in interbank lending leading to better transparency in pricing both for banks as well for our customers. The future is bright for mid sized banks, its customers and local economies. With this exchange, the outlook only looks brighter. We are honored to be a founding participant."

The American Financial Exchange's chairman and CEO, Richard Sandor said, "We are proud and honored to have MB as one of our Founding participants. They are thought-leaders and we look forward to working with them as we develop the AFX marketplace."

Sander continued, "Our goal is to serve the needs of mid-sized American banks such as MB who are the real engines of growth in our local economy. We hope an efficient, low-cost and transparent market can bring direct benefits to their customers." Find out more about The American Financial Exchange at www.theafex.com.