CHICAGO - Northern Trust Corp. said it had completed its acquisition of Beach One Financial Services Inc., the parent company of the Beach Bank of Vero Beach (Fla.), for $56.2 million in stock.

The Beach Bank will be renamed Northern Trust Bank of Vero Beach. It will be part of Northern Trust Bank of Florida.

The Beach Bank had $400.6 million of trust assets and $198.5 million of bank assets at yearend.

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