FARMINGTON HILLS, Mich. The Dutch banking company ABN Amro Bank NV said Tuesday that it has closed its $2.75 billion acquisition of Michigan National Corp.
ABN Amro announced in November that it would buy Michigan National, a $12 billion-asset commercial bank holding company, from National Australian Bank Ltd.
ABN Amro, which is selling its European American Bank of Melville, N.Y., to Citigroup Inc., said the Michigan National purchase was a strategic move that enables it to focus on the Midwest.
