- Jan 21, 2016
Top MB Financial Bank executive Mark Hoppe will deliver the keynote address at the Chamber’s Annual Meeting & Dinner. With nearly 40 years’ experience in the banking industry, Hoppe will share how he has leveraged connections and weathered numerous challenges to survive and thrive in the volatile economy of the past decade.
Hoppe began his career at LaSalle Bank, where over a period of 27 years he held numerous leadership roles, including CEO of LaSalle Bank Midwest in Michigan. In February of 2008 he became President and CEO of Cole Taylor Bank. At the time the bank was heavily invested in commercial real estate lending; approximately 70% of the bank’s assets were in commercial real estate loans. He used many connections to substantially increase the staff, anticipating growth in Commercial and Industrial lending. With the financial banking crisis looming, Hoppe and his team were able to adopt a “fix and grow” strategy that simultaneously enabled loan growth and limited major losses. The bank was able to survive the crisis and thrive, eventually doubling in size from $3 billion to $6 billion in assets.
In early 2013, Cole Taylor with 9 branches was in need of liquidity to continue its growth. Again, through connections and professional alliances, the opportunity arose to merge with MB Financial. “We realized it would be a terrific match,” he commented at the time. In announcing the merger, President and CEO of the Holding Company Mitchell Feiger, a colleague of Hoppe’s for 25 years, noted that the merger was the largest ever of two Chicago based banks.
In November 2015 MB Financial saw an opportunity to merge with American Chartered Bank, a privately-held commercial bank focusing on serving Chicago’s emerging middle-market business community. “It fits perfectly with us,” comments Hoppe. “Our clients are both bigger and smaller so it’s a complementary fit.” Because the banking industry is highly regulated with quite a bit of government oversight, the merger is not expected to close until around June of this year.
Hoppe is a past chairman of the Illinois Bankers Association and past president of the Bankers Club of Chicago. He serves on numerous boards, including the Ann & Robert H. Lurie Children’s Hospital of Chicago, and on the Board of Advisors and Executive Committee for Catholic Charities of the Archdiocese of Chicago. Hoppe earned his MBA and BBA in Finance from the University of Wisconsin. He and his wife, Mary, reside in Northbrook.