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MB Financial's Cole Taylor buy hits a speed bump

from Crain's Chicago Business

The deal at first looked great for Cole Taylor Bank. In March 2012, the Rosemont bank signed a five-year contract to handle deposits for Higher One Inc., a fast-growing firm that processed financial aid refunds to students at hundreds of colleges around the country. The partnership meant hundreds of millions of no-cost deposits to Cole Taylor, a commercial bank in need of such funding given its small number of branches. more


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