MB Financial to sell Seneca branch

CHICAGO - MB Financial said it will sell its branch in Seneca to First National Bank of Dwight, a wholly owned subsidiary of First Dwight Corporation.

Terms of the sale were not announced.

The Seneca branch had approximately $11.2 million in total deposits at December 31, 2015.

"We have enjoyed serving the Seneca area for the past six years and are confident that our customers will continue to be well-served by First National Bank of Dwight," said Mark A. Hoppe, President and CEO of MB Financial Bank,

The transaction is subject to regulatory approval and certain closing conditions. The transaction is not expected to have a significant impact on MB Financial Bank's earnings.

"We look forward to providing community banking services to the Seneca market and becoming an important part of this community," said Robert J. Maierhofer, President and CEO of First National Bank of Dwight.