MINNEAPOLIS -- First Bank System Inc. said that it has completed its previously announced acquisition of Boulevard Bancorp of Chicago.

The acquisition was approved by Boulevard shareholders at a meeting in Chicago.

Boulevard Bancorp, a commercial bank holding company, has $1.6 billion in assets and $1.2 billion in deposits, as well as banking locations in Chicago, Des Plaines, and Downers Grove. First Bank said customers would see no immediate changes - until the banks are converted to FBS systems and products.

First Bank System is a regional bank holding company headquartered in Minneapolis, with about $26 billion in assets.

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