Two Midwestern banking companies, First Midwest Bancorp in Illinois and First Federal of Northern Michigan Bancorp, have completed previously announced acquisitions.

In the first deal, First Midwest, in Itasca, Ill., closed its $18.4 million acquisition of the Chicago banking operations of the Puerto Rican company Popular. The $8.3 billion-asset First Midwest acquired 12 branches of Popular Community Bank in Chicago; about $726 million in deposits and $562 million in loans; and small business and middle-market commercial lending operations.

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