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March 7, 2021
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LASALLE BANK-BANK OF AMERICA
(2007-04-23)
(wgvu) - DUTCH BANK A-B-N AMRO HAS REACHED AN
AGREEMENT TO SELL ITS LASALLE BANK TO NORTH CAROLINA-BASED BANK OF
AMERICA.
THE DEAL IS IN CONJUNCTION WITH A SEPARATE TRANSACTION IN WHICH
BRITAIN'S BARCLAYS WOULD BUY A-B-N FOR MORE THAN $91 BILLION
DOLLARS.
THE NET COST TO BANK OF AMERICA WILL BE $16 BILLION DOLLARS.
LASALLE IS A TOP-20 U-S BANK WITH $113 BILLION DOLLARS IN TOTAL ASSETS.
THE COMBINATION OF LASALLE AND BANK OF AMERICA CREATES A LEADING
BANKING FRANCHISE IN CHICAGO AND IN MICHIGAN. IT ALSO WILL MARK
BANK OF AMERICA'S RETAIL BRANCH ENTRY IN MICHIGAN. THE BANK WILL
HAVE 264 OFFICES IN THE STATE.

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