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From Wikipedia, the free encyclopedia
LaSalle Bank Corporation was the holding company for
LaSalle Bank N.A. and LaSalle Bank Midwest N.A.
With $116 billion in assets, it was headquartered at 135
South LaSalle Street in Chicago, Illinois. LaSalle Bank
Corporation was formerly an indirect subsidiary of
Netherlands -based ABN AMRO Bank N.V., one of the
world's largest banks, with total assets of EUR 986
billion, more than 3,000 locations in over 60 countries
and a staff of more than 105,000. Bank of America
acquired LaSalle Bank Corp. effective October 1, 2007
and officially adopted the Bank of America name on May
5, 2008.
Contents
• 1 Corporate Profile
• 1.1 LaSalle Bank N.A.
• 1.2 LaSalle Bank Midwest N.A.
• 1.3 Sale to Bank of America
• 2 Sponsorships
• 3 References
Corporate Profile
LaSalle Bank N.A.
LaSalle Bank Midwest N.A.
Fate Absorbed by Bank of America
Successor Bank of America N.A.
Founded 1927
Defunct 2008
Location Chicago, Illinois, USA
Industry Financial Services
Products Middle -Market Commercial Lending,
Middle -Market Commercial Real Estate
Lending, Domestic and International Cash
Management Commercial Banking, Wealth
Management, Retail Banking,
Trust and Treasury
Parent ABN AMRO
Founded in 1927 as National Builders Bank of Chicago, it changed its name to LaSalle National Bank in 1940.
ABN acquired the bank in 1979. In a merger of co -owned banks, the present name was adopted in 1999.111 It
was the largest bank headquartered in Chicago with $72.2 billion in assets and $46.8 billion in deposits. LaSalle
Bank maintained 146 retail locations and 450 ATMs throughout Chicago and its neighboring suburbs.
LaSalle Bank maintained regional offices in Atlanta, Boca Raton, Boston, Cincinnati, Cleveland, Columbus,
Connecticut, Dallas, Denver, Des Moines, Houston, Indianapolis, Kansas City, Los Angeles, Miami,
Milwaukee, Minneapolis, Nashville, New Jersey, New York City, Omaha, Philadelphia, Pittsburgh, San
Francisco, St. Louis, Tampa, Tustin, and Washington, D.C. Subsidiaries included LaSalle National Leasing
Corporation, LaSalle Business Credit, LLC, and LaSalle Financial Services, Inc.
LaSalle Bank Midwest N.A.
The midwestern bank was headquartered in Troy, Michigan, with $43 billion in assets and $24.1 billion in
deposits. LaSalle was one of the largest banks in the Midwest, serving individuals, small businesses, middle -
market companies and institutions through 264 branches and 1,000 ATMs in Michigan and Indiana. It was
founded in 1893 and was known as Standard Federal Bank before it adopted the LaSalle name in 2005.
http://en.wikipedia.org/wiki/LaSalle_Bank 6/18/2008
Lasalle Bank - Wikipedia, the free encyclopedia Page 2 of 2
Sale to Bank of America
On April 23, 2007, an agreement was made to sell LaSalle Bank Corporation to Bank of America for $21
billion[21 Bank of America Corp officially took over LaSalle Bank Corp on October 1, 2007 [31. The acquisition
makes Bank of America the largest bank by deposits in both greater Chicago and Detroit; Bank of America
previously had a minimal presence in Chicago and none in Michigan [41. The banks adopted the Bank of
America name on Sunday, May 4, 2008.E51
Sponsorships
LaSalle sponsored a number of events in its Chicago home. Many of these events will now be re -branded with
Bank of America's name.
• The Chicago White Sox
• The Chicago Marathon
• The Shamrock Shuffle (http://www.shamrockshuffle.com/) the largest 8 km race in the world
• LaSalle Bank Open an event on the PGA Tour
• The International Music Foundation (http://www.imfchicago.org/) Dame Myra Hess Memorial Concert
• The Navy Pier Winter WonderFest
References
1. ^ ABN AMRO: More about LaSalle Bank (http://www.jobs-abnamro.com/about_our_bank/more_lasalle.htm)
2. ^ ABN AMRO: ABN AMRO announces USD 21 billion sale of LaSalle to Bank of America
(http://www.abnamro.com/pressroom/releases/2007/2007-04-23-en-l.jsp).
3. ^ Bank of America I Newsroom - Press Releases (http://bankofamerica.mediaroom.com/index.php?
s=press_releases&item=7885)
4. A Bank of America to buy LaSalle Bank for $21B, enters Chicago area - U.S. business - MSNBC.com
(http://www.msnbc.msn.com/id/18269962/)
5. A Bank of America name replaces LaSalle I lansingstatejournal.com I Lansing State Journal
(http://www.lansingstatejournal.com/apps/pbcs.dll/article?AID=/20080502/NEWS03/805020382)
Retrieved from "http://en.wikipedia.org/wiki/LaSalle_Bank"
Categories: Banks of the United States I Private banks I Companies based in Chicago, Illinois I Bank of America
legacy banks
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