Cincinnati Based Fifth Third Bank Buys MB Financial for $4.7 Billion

.(AP Photo/Al Behrman, file)

A major banking market shake up for the Chicago market after news broke yesterday of Cincinnati based Fifth Third Bank announced the purchase of Chicago based MB Financial for $4.7 billion. Steve Grzanich (Host of The Opening Bell) discussed the details behind the purchase, with Greg Charmichael (Chairman, President and CEO of Fifth Third Bank) breaking down the strategy behind the buy out and the future of the mid-market banking industry.