LaSalle Bank
 | This article documents a current event. Information may change rapidly as the event progresses, and initial news reports may be unreliable. The latest updates to this article may not reflect the most current information. (April 2007) |
| LaSalle Bank logo | |
| Company type | Private (owned by ABN AMRO) |
|---|---|
| Industry | Financial Services |
| Founded | 1927 |
| Headquarters | Chicago, Illinois |
Key people | Norman R. Bobins, Chairman, President and CEO |
| 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 Holding N.V. |
| Subsidiaries | LaSalle Business Credit LLC,
LaSalle National Leasing Corporation, LaSalle Financial Services, Inc. |
| Website | lasallebank.com |
LaSalle Bank Corporation is the holding company for LaSalle Bank N.A. and LaSalle Bank Midwest N.A. With $116 billion in assets, it is headquartered at 135 South LaSalle Street in Chicago, Illinois. LaSalle Bank Corporation is 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.
Corporate Profile
LaSalle Bank N.A.
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.[1] It is the largest bank headquartered in Chicago with $72.2 billion in assets and $46.8 billion in deposits. LaSalle Bank maintains 146 retail locations and 450 ATMs throughout Chicago and its neighboring suburbs.
LaSalle Bank maintains 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 include LaSalle National Leasing Corporation, LaSalle Business Credit, LLC, and LaSalle Financial Services, Inc.
LaSalle Bank Midwest N.A.
The midwestern bank is headquartered in Troy, Michigan, with $43 billion in assets and $24.1 billion in deposits. LaSalle is 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 its present name in 2005.
Sale to Bank of America
On April 23, 2007, LaSalle Bank Corporation was sold by ABN AMRO to Bank of America for $21 billion[2] which increases Bank of America's presence in Illinois, Michigan and Indiana. The sale is expected to close in late 2007 or early 2008.[3] The sale, if approved, will catapult Bank of America from a minimal Chicago presence to the largest bank in Chicago, surpassing Chase. However RBS also wish to purchase the company and are currently attempting to purchase the entire parent company ABN AMRO in a consortium with Santander and Fortis.[4]
Sponsorships
LaSalle sponsors a number of events in its Chicago home area, including:
- The Chicago Marathon
- The Shamrock Shuffle which claims to be the largest 8k race in the world
- LaSalle Bank Open an event on the PGA Tour
- The International Music Foundation Dame Myra Hess Memorial Concert
- The Navy Pier Winter WonderFest