Old Kent Financial Corp. said Friday that it has completed its acquisition of CFSB Bancorp of Lansing, Mich.

The purchase of the company-parent of Community First Bank-brings $17 billion-asset Old Kent an additional 16 offices, $900 million of assets, and $600 million of deposits.

The deal, valued at $242 million, was announced Feb. 24.

Old Kent also said its recently announced 3 million-share buyback program would be unaffected by the acquisition.

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