Chicago-based MB Financial Bank has completed its acquisition of the Illinois guardianship and special needs trust business of U.S. Trust, an arm of Bank of America.
Its duties include, for example, helping a minor who has won a personal injury lawsuit, or special-needs children and disabled adults.
The Illinois guardianship and special needs trust business will be headed by Sally Larson Sargent, senior vice president and head of personal trust services at MB.
Her team will include Priscilla Rodriguez and Kathleen Majewski, who joined MB as first vice president and assistant vice president respectively, and were formerly at U.S. Trust.
Terms weren’t disclosed.
