A former MB Financial president who recently left the $10.32 billion-asset bank after a management shakeup has stepped into the same position at Oak Brook-based Inland Bank & Trust.
Thomas Panos, who last September left his job as president of MB Financial Bank, head of its commercial lending department, and an MB board member, has been named president and chief commercial banking officer of $1.2 billion-asset Inland. He had remained an MB employee and adviser to the bank through March 31.
Panos will also join the board of Inland, which is affiliated with the Inland Real Estate Group. Inland Bank’s chairman and chief executive is Howard Jaffe, a former chief financial officer of MB. Jaffe had previously held the president’s post as well.
Inland Bank has branches in Countryside, Elmhurst, Glen Ellyn, Hawthorn Woods, Hillside, Lake Zurich, Lombard, Morton Grove and Villa Park.
Panos was named president of MB in 2005. He has a bachelor’s in commerce and an MBA from DePaul University in Chicago.
Hopefully Tom will perform better with Inland. Although, I think MB will still struggle with subpar talent like Rose Bouman, Karen Perlman and Kate Kronk still on the staff.
Really, all I care about as a taxpayer is that MB pays their TARP money back.
Michael, I agree 100 percent. We used to be a commercial customer with MB, but when managers from the former Oak Brook Bank came onboard, service and capabilities declined dramatically. It’s puzzling that MB touts their stability, but they’re one of the few banks that still can’t pay their bailout money back, unlike say, Wintrust, that was able to much quicker. There is a principle that says we all advance until we reach our own level of incompetency. I think Feiger, Bouman and the rest are at that point. Best of luck to Tom, he was MB’s best asset on the management team.
MB should make any employee, customer or shareholder sick. Feiger, Bouman, Wildman and the other clowns made TERRIBLE business decisions over the past several years and, as a result, us taxpayers had to open our wallets so they could stay in business. Steer clear of this place, whether you are a commercial customer or personal one.
By the way, these a******s beg for a bailout (a.k.a. please don’t let us fail money), but yet contributed $25,000 to the Friends for the Israel Defense Forces in 2010.
Truly disgusting.