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First Midwest Bancorp closes acquisition of Northern States Financial

Chicago-based First Midwest Bancorp Inc. closed its acquisition of Waukegan, Ill.-based Northern States Financial Corp.

NorStates Bank, a unit of Northern States Financial, had about $550 million in total assets, $465 million in deposits and $305 million in loans as of the closing of the deal.

First Midwest Bancorp is the holding company of First Midwest Bank.