Old Kent Financial Corp. would boost its presence in Chicago with a deal to buy Pinnacle Banc Group of Oak Brook, Ill., for about $243 million in stock.

The deal, scheduled to close in the third quarter, is the second in less than a month announced by Old Kent of Grand Rapids, Mich. The company said in February it would buy $900 million-asset CFSB Bancorp of Lansing, Mich.

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