U.S.-based lender First Midwest Bancorp is in talks to purchase banking holding company Bridgeview Bancorp Inc.

The transaction could range from $170 million to $185 million.

With this acquisition, First Midwest Bancorp will strengthen its suburban-oriented business operations in Chicago and could add its assets to up to $16 billion.

In October, First Midwest Bancorp had completed its acquisition of the U.S,-based bank holding company Northern States Financial Corporation for $87 million.