Expanding for the first time out of its Chicago hub, ABN Amro North America announced an agreement Friday to acquire Standard Federal Bancorp. of Troy, Mich., for $1.9 billion in cash.

Standard Federal, a $15.5 billion-asset thrift company, would give Dutch-owned ABN Amro a solid retail footing in Detroit and southeast Michigan, and a mortgage banking operation spanning 44 states.

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