Bank of America to Buy Lasalle

Summary


CHARLOTTE, N.C. -- A year after making a successful $34.2 billion move into credit cards, Bank of America Corp. found yet another multibillion-dollar opportunity to grab more customers.

The Charlotte-based bank said Monday it will purchase LaSalle Bank Corp. from ABN Amro North America Holding Co. for $21 billion in cash.

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Extract


Bank of America to Buy Lasalle

The deal, initially announced by ABN Amro Monday when the Dutch bank agreed to sell itself to Barclays for nearly $91.2 billion, fills a big hole in the bank's nationwide branch network by making it Chicago's largest bank.

It ...

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