Bye-bye LaSalle

Just when I start to get used to LaSalle Bank Midwest’s name and moniker, I learn today that LaSalle and its subsidiaries likely won’t be around much longer.

As part of the proposed Barclay’s/ABN Amro merger, Bank of America confirmed today that it will purchase LaSalle Bank for $21 billion. If the deal goes through, and it’s looking that way, all current LaSalle branches will become Bank of America branches.

LaSalle’s predecessor was Standard Federal Bank, which has hometown roots: Standard Federal began as Standard Savings & Loan Association in 1893. Its first office was located at Lafayette and Griswold in downtown Detroit.

2 Comments so far

  1. Ben (unregistered) on April 24th, 2007 @ 7:37 am

    Don’t forget Michigan National Bank, which ABN AMRO merged into Standard Federal.

    I, too, was just getting used to the LaSalle name.

  2. Jonathan (unregistered) on April 25th, 2007 @ 11:20 am

    Byspassing the name change – I started as a Michigan National customer and am really unconvinced that Bank of America is going to improve the customer experience. Franklin Bank is starting to look good.

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