MB Financial — First Oak Brook Bancshares — SPAC Merger (May 2006)
22 slides from MB Financial's SPAC merger presentation, May 2, 2006
Slide 1: Creating the Leading Chicagoland Franchise
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Slide 2: Forward Looking Statements
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Slide 3: Additional Information & Participants in this Transaction
Additional Information & Participants in this Transaction Additional Information MB Financial will fle a registration statement on Form S-4 with the Securities and Exchange Commission (the "SEC") in connection with the proposed transaction, The registration statement will include 2 joint proxy state
Slide 4: Transaction Rationale and Overview of First Oak Brook Bancshares
Transaction Rationale and Overview of First Oak Brook Bancshares
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Slide 7: Overview of First Oak Brook Bancshares
Overview of First Oak Brook Bancshares Organized in 1983 and publicly traded since 1985 11% largest independent bank headquartered in Illinois 21 branches located in Chicago MSA with attractive demographics — 17 in Western suburbs — 3 in the North Shore — 1in downtown Offers commercial and retail ba
Slide 8: First Oak Brook: One of Chicago's Premier Deposit Gatherers
rst Oak Brook Deposit Gatherers one of Chicago’s Premier 01-05 2001 2005 2006E CAGR Branches 13 21 23 12.7% Deposits ($bn) $1.1 $1.9 - 15.0 Deposits / Branch ($mm) 83 91 - - 2005 branch de novo deposit experience: 3] oo ee See fo] 7c) ee ines gon irae irae eo] sa sas i ra 1568 ill 0 2 a3 of at a2 at
Slide 9: First Oak Brook: Quality
rst Oak Broo! Quality NPLs / Loans Reserves / NPLs 0.40% 273 = ti £4 = FOBB Chicago Peers FOBB Chicago Peerst Provisions / Charge-offs NCOs / Average Loans 125% 0.11% 100% | i= ra ti FOBB E 4 Peerst FOBB Chicago Peers* ‘Source: SNtFinancil. Data as of 31-Mar-2006. cers include Fest Midwest, MAF Banc
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Slide 11: Adds Scale in Attractive Chicago Marketplace
Adds Scale in Attractive Chicago Marketplace of 20-un-2005, = Highly desirable and complementary branch network __& #9 deposit market share soox In the Chicago MSA - 61 full-service branches = #3 and #10 deposit market share in DuPage and Cook Counties, respectively Access to 80% of a Chicago's comm
Slide 12: Highly Complementary Loan Composition
High Complementary Loan Compo: Loan Mix MB Financial First Oak Brook Combined 2% 7 Total Loans: $3.9bn $1.4bn $5.3bn Yield on Loans: [7.34%] 5.95% 6.98% m= Commercial = Commercial Real Estate = Residential Real Estate © Construction = Consumer @ Indirect Vehicle = Other
Slide 13: With the Ability to Increase Leverage: Deposit Mix
With the Ability to ease Leverage Deposit Mix MB Financial First Oak Brook Combined Total Deposits: $4.4bn $1.9bn $6.3bn % Core Dep: 67% 67% 67% Loans / Deposits: 88 72 83 ‘= Non-Interest Bearing = NOW,MMDA& Savings «Retail Time» Jumbo Time Source: Company financials and SNL Financial Data as of 31-
Slide 14: Transaction Summary and Financial Overview
Transaction Summary and Financial Overview
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Slide 16: Transaction Multiples are In-Line with Precedents
Transaction Multiples are In-Line with Precedents First Oak Brook Transaction Comparable $e —— Transactions Stated Adjusted* Median** Value per FOBB Share $36.80 $36.80 Share Price Premium 36.1% 36.1% 22.7% Premium / Core Deposits*** 18.7 19.2 Bid Price as Multiple of: 2005A EPS 22.0x 22.0x 24.0x 20
Slide 17: Conservative Transaction Assumptions
Conservative Transaction Assumptions Earnings: - First Call EPS estimates for MB Financial - Management estimates for First Oak Brook Synergies: - $12.6mm pre-tax cost savings* - 80% phased-in in 2007 and 100% phased-in in 2008 - No revenue synergies incorporated into pro forma analysis Identifiable
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Slide 21: Estimated Cost Savings and Merger Related Costs
Estimated Cost Savings and Merger Related Costs ™ Transaction assumes 27% savings of First Oak Brook’s 2005 operating expense base Pre-tax Amount ($mm) Year 2 Salaries and employee benefits $6.3 $7.2 Occupancy and equipment 0.8 2.2 General, administrative and other 29 3.2 Total $10.0 $12.6 = Total m
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Link to searchable text of slide shown above Searchable text section of graphics shown above [GRAPHIC] [GRAPHIC] mb financial and FIRST OAK BROOK BANCSHARES Creating the Leading Chicagoland Franchise May 2, 2006 Forward Looking Statements When used in this presentation and in filings with the Securi