Important: American Chartered Bancorp no longer exists as an independent entity. The bank was acquired by MB Financial Inc. in August 2016, which was subsequently acquired by Fifth Third Bancorp (NASDAQ: FITB) in March 2019 for $4.7 billion. Former American Chartered Bank customers now bank with Fifth Third.
Current Banking Access (Fifth Third)
Former American Chartered Bank customers can access their accounts through Fifth Third Bank:
- Online Banking: www.53.com
- Mobile App: Fifth Third Mobile Banking (iOS and Android)
- Branches: 239 locations in the Chicago metropolitan area
Acquisition History
Stage 1: MB Financial Acquisition (2016)
American Chartered Bancorp, Inc., headquartered in Schaumburg, Illinois, operated as the holding company for American Chartered Bank. The bank provided commercial and retail banking products through 15 branches in the Chicago area. Its deposit products included checking, savings, money market accounts, and time deposits. Lending services covered commercial, consumer, and mortgage loans, plus commercial real estate and asset-based lending.
On August 24, 2016, MB Financial Inc. (NASDAQ: MBFI) completed the acquisition of American Chartered Bancorp. MB Financial integrated American Chartered’s operations into its Chicago-area banking network.
Stage 2: Fifth Third Acquisition (2019)
In May 2018, Fifth Third Bancorp announced plans to acquire MB Financial for $4.7 billion in cash and stock. The merger received shareholder approval in September 2018 and regulatory approval from the Federal Reserve Board in March 2019.
The Fifth Third-MB Financial merger closed on March 22, 2019. Key terms:
- Each MB Financial share converted to 1.45 Fifth Third shares plus $5.54 cash
- MB Financial CEO Mitch Fieger became chairman and CEO of Fifth Third’s Chicago region
- Two MB Financial board members joined Fifth Third’s board
- Primary systems conversion completed in May 2019
Fifth Third Bank Today
Fifth Third Bancorp (NASDAQ: FITB), headquartered in Cincinnati, Ohio, is a diversified financial services company. The MB Financial acquisition made Fifth Third the second-largest bank by retail deposits in the Chicago market and gave it 20% of middle-market banking relationships in the region.
Fifth Third’s digital banking platform offers:
- Mobile banking with check deposit
- Bill pay and funds transfer
- Zelle for person-to-person payments
- Account alerts and security features
- Business banking portal
Contact Information
For assistance with accounts formerly held at American Chartered Bank:
- Website: www.53.com
- Customer Service: 1-800-972-3030
- Chicago Region Office: Fifth Third Bank, Chicago, IL
Last Updated on January 3, 2026
URL: https://log-in.me/americancharteredbancorp-schaumburg-unitedstates/