Fifth Third Bancorp is making a multibillion-dollar splash in Chicago, and for Tennessee banks, the bank's deal could serve as a warning sign.
On Monday, the Cincinnati-based lender — which is Nashville's ninth-largest depositor — announced its $4.7 billion acquisition of Chicago-based MB Financial Inc. The deal — once finalized — will give Fifth Third a major boost in Chicago, with Fifth Third becoming the Windy City's fourth-largest depositor.
