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Quotes & Info
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| MBFI > SEC Filings for MBFI > Form 8-K on 5-Oct-2009 | All Recent SEC Filings |
5-Oct-2009
Other Events
On October 5, 2009, MB Financial, Inc (the "Company") announced that during the third quarter of 2009 it conducted an impairment review of branch office locations to be consolidated due to the Company's recent acquisitions. As a result, the Company will record approximately $4 million, pre-tax, in impairment charges related to three branches in the third quarter of 2009.
FORWARD-LOOKING STATEMENTS
When used in this Current Report on Form 8-K and in other reports filed with or furnished to the Securities and Exchange Commission, in press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases "believe," "will," "should," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "plans," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. These statements may relate to our future financial performance, strategic plans or objectives, revenues or earnings projections, or other financial items. By their nature, these statements are subject to numerous uncertainties that could cause actual results to differ materially from those anticipated in the statements.
Important factors that could cause actual results to differ materially from the
results anticipated or projected include, but are not limited to, the following:
(1) expected cost savings, synergies and other benefits from our merger and
acquisition activities might not be realized within the anticipated time frames
or at all, and costs or difficulties relating to integration matters, including
but not limited to customer and employee retention, might be greater than
expected; (2) the credit risks of lending activities, including changes in the
level and direction of loan delinquencies and write-offs and changes in
estimates of the adequacy of the allowance for loan losses, which could
necessitate additional provisions for loan losses, resulting both from loans we
originate and loans we acquire from other financial institutions; (3) results of
examinations by the Office of Comptroller of Currency and other regulatory
authorities, including the possibility that any such regulatory authority may,
among other things, require us to increase our allowance for loan losses or
write-down assets; (4) competitive pressures among depository institutions; (5)
interest rate movements and their impact on customer behavior and net interest
margin; (6) the impact of repricing and competitors' pricing initiatives on loan
and deposit products; (7) fluctuations in real estate values; (8) the ability to
adapt successfully to technological changes to meet customers' needs and
developments in the market place; (9) our ability to realize the residual values
of our direct finance, leveraged, and operating leases; (10) our ability to
access cost-effective funding; (11) changes in financial markets; (12) changes
in economic conditions in general and in the Chicago metropolitan area in
particular; (13) the costs, effects and outcomes of litigation; (14) new
legislation or regulatory changes, including but not limited to changes in
federal and/or state tax laws or interpretations thereof by taxing authorities
and other governmental initiatives affecting the financial services industry;
(15) changes in accounting principles, policies or guidelines; (16) our future
acquisitions of other depository institutions or lines of business; and (17)
future goodwill impairment due to changes in our business, changes in market
conditions, or other factors.
We do not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date on which the forward-looking statement is made.
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